US DATA: Nov Conference Bd consumer confidence surged to well
beyond median est, printing 56.0 vs 40.9r in Oct, with present situation
(38.3 vs 27.1) and expectations (67.8 vs 50.0) both jumping. Cutoff for
survey was Nov 15th, when stocks were higher and EZ headlines calmer.
Conf Bd said index level is back to the summer highs as jobs and income
concerns eased. Jobs Plentiful 5.8 vs 3.6 (rebound?), and Jobs Hard to
Get 42.1 vs 46.9. Consumers anticipating income to increase 14.9 vs
11.1. Buying plans jumped for appliances and vacations. 1y inflation
expectation is 5.5%. Confidence surged across income levels and across
ages, and jumped in all regions of the country except E-South central.