The US Consumer Confidence Index of the University of Michigan recorded 48.0 in October, a slight decrease of 0.1 points from the previous value of 48.1, which is better than the market forecast of 46.3. Previously, the market anticipated a marked weakening of consumer confidence, but actual data remained flat, indicating that US consumer sentiment did not deteriorate significantly. However, the index is still at a low level. Overall, this data sends a signal that consumer confidence is stabilizing in the short term.

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