equityresearch
Equity Research
Confidence among U.S. consumers fell in February to the lowest level in 10 months; a sign that concern about job prospects may hold back the spending needed to sustain the recovery. The Conference Board’s confidence index slumped to 46, from 56.5 in January. Home prices rose for a seventh month. Stocks fell and Treasuries gained after the confidence report also showed attitudes about current conditions fell to the lowest level in 27 years and the outlook for wages dimmed. This reinforces expectations Federal Reserve Chairman Ben S. Bernanke will repeat the central bank’s pledge to keep interest rates low for “an extended period” in testimony to Congress tomorrow.
http://www.nirmalbang.com/Upload/Daily240210.pdf
http://www.nirmalbang.com/Upload/Daily240210.pdf