A calm week is ahead of us in between Christmas and New Year’s Day with American CB Consumer Confidence, Unemployment Claims and Pending Home Sales. Here is an outlook on the market movers closing 2010.
Recent encouraging data from the US suggests solid fourth-quarter growth hopes in light of an anticipated climb in consumer spending together with bright news from the Job market where initial claims for unemployment benefits continued dropping to 420,000 and a surge in University of Michigan’s consumer sentiment index rising to 74.5 from 71.6 in November. Are we to expect real recovery in 2011?
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