US, Eurozone, Germany Consumer Confidence Rises Amid Economic Uncertainty

Consumer confidence in the U.S. saw a significant rebound in May, with the Conference Board's index jumping to 98 from a revised 85.7 in April, surpassing economists' forecasts and ending five months of decline. This increase signals growing optimism among U.S. consumers, potentially leading to higher consumer spending and a stronger economy, which could also bolster the U.S. dollar. Meanwhile, Eurozone economic sentiment improved more than expected, rising to 94.8 in May, driven by gains in manufacturing, retail, and consumer confidence, although service sector confidence softened slightly. In Germany, consumer confidence rose for the third consecutive month but remains deeply negative at -19.9 for June, reflecting cautious consumer behavior amid economic uncertainties such as trade policies and market volatility. Despite rising income expectations and wage gains supporting purchasing power, German consumers remain wary, with increased saving tendencies and subdued spending readiness. Overall, these indicators suggest a mixed but cautiously optimistic global consumer confidence outlook, with the U.S. showing robust improvement while Europe, particularly Germany, remains cautious.