Weak signals from the US
U.S. consumer confidence fell sharply in September, reaching its lowest level since 2014.
The Conference Board Consumer Confidence Index came in at 81.9, below market expectations of 89. The August reading was revised down from 89.4 to 88.6. The Expectations Index declined from 69.5 to 63.6, while the Present Situation Index fell from 117.2 to 109.3.
JOLTS data released at the same time also pointed to weakness in the labor market. The number of job openings stood at 7.08 million in August, below expectations of 7.22 million and down from the previous reading of 7.33 million. The job openings rate came in at 4.3%, below the 4.4% market expectation.
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