BREAKING: CB Consumer Confidence surprised to the downside!

A set of economic data from the United States has just been released. The Conference Board Consumer Confidence fell to 117.2 in May from 117.5 in April (April’s print was revised lower from 121.7), below the consensus estimate of 119.4. 

  • CB Consumer Confidence for May: 117.2 (vs exp. 119.4)

  • New Home Sales in April: 863k (vs exp. 985k)

  • Richmond Manufacturing for May: 18 (vs exp. 19)

US500 jumped above 4,200 pts ahead of today’s US session, but a slight pullback can be seen at press time. The vicinity of 4,175 pts may be considered the nearest support. On the other hand, bulls may aim at 4,237 pts (all-time highs from May 10).