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The Consumer Confidence Index surprised analysts by showing its first gain in six months. The March number came in at 117.00, versus the current consensus expectation of 104.1.
This marks a sharp rebound from last month's 8.9-point drop.
The positive tally was attributed to a sharp increase in the Expectations component. This number surged from 70.7 last month to 83.6 for this period. The Present Situation number rose slightly, from 167.1 to 167.2.
The June 30-year bond futures contract tracked lower on the news (US/M1- 104'16), as the perception of an inter-meeting rate reduction by the Fed faded.
Stock futures moved higher, but in an indecisive manner, as traders contemplate the potential impact of the report.