Saturday, 14 July 2012

Consumer sentiment down, investor sentiment up

US consumer sentiment deteriorated in July with the Thomson Reuters/University of Michigan index of consumer sentiment falling to 72, the lowest level this year, from 73.2 in June.

Investor sentiment, however, improved on Friday. Stocks rose, with the S&P 500 jumping 1.7 percent and the STOXX Europe 600 rising 1.3 percent.

And despite the credit rating downgrade earlier in the day, Italy managed to sell 3.5 billion euros of three-year bonds at 4.65 percent, down from 5.3 percent at the sale last month.

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