PREVIOUS TRADING DAY EVENTS 25 April 2023

Announcements 

According to the U.S. Conference Board Consumer Confidence Index figure, which was released at 101.3, lower than expected and down from 104.0 in March, consumer confidence experienced a decline.

There are now more pessimistic views about the economic outlook, even as current conditions improved.

Consumers became more pessimistic about the outlook for both business conditions and labor markets, said Ataman Ozyildirim, senior director of economics at the Conference Board.

While consumers relatively favourable assessment of the current business environment improved somewhat in April, their expectations fell and remain below the level which often signals a recession looming in the short term.

The sixmonth job expectations are pessimistic. Only 12.5 expect more jobs to be available in the coming months. They expect that the labour market will show further cooling and even show dangerous unemployment levels if a recession takes place.

Inflation is way above the Federal Reserves target. It will be harder to make loans with more hikes and both supply and spending will decline further.

Source httpswww.bloomberg.comnewsarticles20230425usconsumerconfidencedipstolowestsincejulyasoutlookdimsxj4y7vzkg

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