Consumer confidence, Conagra earnings: What to know in markets Tuesday 

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ritcha
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Topic  Consumer confidence, Conagra earnings: What to know in markets Tuesday       Flag »  Reply »

As the novel coronavirus continues to dominate markets around the world, investors will get a read on how it is affecting consumer sentiment Tuesday.


The Conference Board will release its consumer confidence reading for March, and economists surveyed by Bloomberg expect it drop sharply to 110.0 from 130.7 in February.


The March report will only capture part of the impact from COVID-19 because the survey was conducted during the third week of the month. “Although lower mortgage rates and gasoline prices would provide some relief to household cash flows, the country-wide shutdown measures, sharp stock market sell-off, and worse news on contagion should push optimism lower,” Credit Suisse said in a note March 26. “The deterioration in consumer sentiment is likely to get worse in April as shutdowns and layoffs take a toll on confidence.Follow more information atpg slot


  Monday, March 30, 2020 at 11:57:28 PM

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