Please find below the Financial Fixed Odds report from David Evans, market analyst at BetOnMarkets.

We were looking at a weak start to the trading week this morning in Europe, but surprisingly bullish US consumer confidence numbers have given equities markets the boost they needed.

Robert Shiller the renowned professor of economics recently said that no-one knows exactly what causes economies to rebound. Sometimes it can be a simple change in sentiment that gets consumers spending again, thus greasing the wheels of the world’s biggest economy.

The fact that US consumer confidence came in at the upper end of estimates at the same time that US house prices crashed to the same prices as 2002 is all the more remarkable.

Tesco bolted higher on the release of the US consumer confidence numbers. Tesco has taken flack for the poor performance of it American subsidiary, but if US consumers lead the world recovery, those underperforming stores could be the first to benefit.

This website content does not constitute investment advice. No individual contributor, contributing company nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.