Scoreboard: US jitters

Strong quarterly economic growth data failed to inspire Wall Street, while European markets gained some ground.

In US economic data the consumer confidence index fell from 94.1 to 88.7 in November, well short of forecasts centred on a reading near 96.0. The Case Shiller home price index rose by 0.3 per cent in September to be up 4.9 per cent over the year. The US economy grew at a 3.9 per cent annual pace in the September quarter, up from the 3.3 per cent consensus forecast.

US regional surveys were mixed: the Richmond Federal Reserve index eased from 20 to 4 in November but the Dallas Fed services index rose from 14.0 to 25.4.



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