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U.S. share price rises boost consumer confidence
Rising share prices have helped to boost consumer confidence in the U.S.
The Thomson Reuters/University of Michigan preliminary index of consumer sentiment rose today to 74.2 from 71.6 at the end of November.
In addition to the stock market increases consumers have also welcomed the agreement between President Barack Obama and Republicans not to increase tax levels next year.
This has led to reports of increased spending in the shops in the run-up to Christmas.
Story provided by StockMarketWire.com
10/12/2010