US: Consumer confidence expected to improve marginally to 123.0 in January - TDS

Analysts at TDS suggest that the US consumer confidence (Conference Board) is expected by the market to improve marginally to 123.0 in January vs 122.1 in December and a post-crisis high of 128.6 in November.

Key Quotes

“Markets turn to President Trump’s first official State of the Union address at 21:00 ET, on the heels of his appearance in Davos and ahead of another looming shutdown deadline. We expect him to celebrate various “wins” from his first year in office, and to push a relatively limited set of proposals for immigration reform, “fairer” trade deals, and potentially infrastructure investment. Only the last of these is likely to be market-friendly. The possibility of additional protectionist announcements cannot be ruled out, although we do not expect Trump to take any actions on NAFTA at this time.”