US Jan Reuters/Michigan Consumer Sentiment Index improves to 73.8

Feb 1, 2013

American equity markets open positively Friday

The US Stock market experienced a positive opening Thursday, following the release of rather soft US data. In the US, the highly anticipated Nonfarm Payrolls came in at 157K in January, against expectations of 160K, and relative to 155K previously. In addition, the Unemployment Rate (January) was reported at 7.9%, against estimates calling for 7.8%.

US: Reuters/Michigan Consumer Sentiment rose to 73.8 in January

Consumer sentiment in the US rose from 72.9 to 73.8 in January, beating the pessimistic consensus of 71.5.