Wednesday, May 27, 2009

US Consumer Confidence Helps Asian Stock Markets

Right now, among many consumers in America, there is a sense of optimism about the economy. They feel that the worst time is over and we will see better time in the coming months. Well, I cannot understand the logic behind this kind of optimism but the good news is that it is helping share markets around the world, mostly in Asian countries.

It started with new York stock exchange and when it was clear that consumer confidence is high compared to the last eight months, many investors in New York felt confident in spending more money and this resulted in good increase. The same thing happened in Asian markets.

It is good news but I’m not that much optimistic because the economic recession is it still very real and there is no possibility that it will end in 2009.

Related Article

WSJ

1 comment:

  1. It is good.

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