Quotes from Capital Economics:
- We expect the Conference Board's index of consumer confidence (15.00 GMT) to rise further, from 102.9 to 105.0 in Feb. Rapid improvements in the labour market are providing a significant boost to real incomes and, although gasoline prices have edged higher, they remain extremely low.
- What's more, equity prices have shrugged off recent volatility to reach new record highs. Admittedly, the University of Michigan measure of confidence fell this month. But this looks more like noise rather than the start of a downward trend.
