University of Michigan consumer sentiment came in at 67.9 versus 65.1 in April, marginally better than expected, median forecast having been 67.0
Well after all the data we’ve had out in Europe and North America it’s jolly nice to see risk sentiment still in decent shape.
It’s pretty obvious by the subsequent price action that the markets are taking the tack that the Q-1 2009 is possibly going to be the bottom in the present recession, in line with sentiments espoused by German government spokesman Thomas Steg earlier.
