Data released by the Conference Board just before showed an improvement in the US consumer confidence index in the world’s strongest economy in July for the sixth month in a row, as the index rose to 129.1 in July, compared to 128.9 in June, to come better than market expectations, which indicated a rise to 123.9, recording the highest A reading of the index since February of last year.

In details, the current situation index, based on consumers’ assessment of the current work and labor market conditions, rose to 160.3 compared to 159.6 in June, while the short-term expectations index settled at 108.4, close to June’s levels at 108.5.