Scoreboard: Confidence surge

Both Wall Street and European markets made solid gains on the back of strong corporate earnings and consumer confidence data, while Twitter shares fell sharply.

In the US, the Case Shiller home price index fell by 0.1 per cent in August to stand 5.6 per cent higher than a year ago. Consumer confidence rose from 86.0 to a 7-year high of 94.5 in October, well above forecasts centred on 87.0. Durable goods orders fell by 1.3 per cent in September, short of forecasts tipping a 0.5 per cent gain. The Richmond Federal Reserve composite index also rose from 14 to 20 in October.


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