US data flash 28 Sept 2010
28 September, 2010, 22:31. Posted by Zarathustra
Tags: Economy, US
S&P/Case Shiller Index rose 3.2% year-on-year, or 0.1% drop month-on-month, in-line with consensus, nevertheless it suggests weak housing market. Consumer confidence dropped from 53.2 to 48.5, vs 52.1 consensus estimate, that is worse than market expected.
With unemployment remains high and housing market still doing poorly, these so far confirmed your author’s view that the US economy still has long way to recover to full strength.
US stocks market is in red after data releases.
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.