Consumer confidence surged in February to its highest level in three years, a survey released on Friday showed. The Thomson Reuters/UMich survey’s final February reading on the overall index on consumer sentiment came in at 77.5, up from 74.2 in January, and the highest since January 2008.
Thomson ReutersAri Wald at Oppenheimer Asset Management put this out over the weekend and it’s an interesting take on where we are in the stock market cycle (not the economic cycle, different discussion). What if it’s only 1995 as opposed to Q1 2000?
NEW DELHI: The combined market valuation of six of the top 10 Sensex companies rose Rs 53,284.6 crore in the week gone by, with Sun Pharma and ONGC emerging as the biggest gainers. While RIL, ONGC, ITC, Sun Pharma, SBI and HDFC made gains in their market capitalisation (m-cap) for the week ended Friday, TCS, HDFC Bank, Infosys and CIL ran up losses. The latter four together lost Rs 50,552 crore in market valuation. The m-cap of Sun Pharma soared Rs 17,938 crore to Rs 2,49,580.69 crore while that of ONGC jumped Rs 17,239.31 crore to Rs 2,82,245.62 crore.
(Reuters) - U.S. auto sales hit their highest monthly level since February 2008, at 14.96 million new vehicles sold on a seasonally adjusted annualized basis, consultant Autodata Corp said on Tuesday. Autodata said September sales rose 13 percent to 1,190,289 new vehicles. The September annualized sales rate tops 14.52 million from August, the previous monthly high for this year. In 2011, U.S. auto sales were 12.8 million new vehicles. (Reporting by Bernie Woodall; Editing by Gary Hill)
Reuters - U.S. wholesale inventories rose more than expected in February and sales at wholesalers reached their highest level since October 2008, brightening prospects for first-quarter economic growth.