The US Conference Board said that its consumer sentiment index had climbed to 39.2 during April, from an upwardly revised 26.9 in March. The April reading, which was above economists' expectations of 29.8, was the highest since November 2008.The Case-Shiller index showed that US house prices were down by 18.6 per cent in February, from a year earlier. The figure was an improvement on the 19 per cent decline recorded for the 12 months to January.
US Federal Reserve: The central bank reinforced markets' hopes that the worst may soon be over for the economy, and renewed its pledge to keep official interest rates on hold at close to zero “for an extended period”.
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