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Old 06-28-2009, 10:16 AM
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Post US consumer confidence up to highest level since Feb 08

The University of Michigan’s index of consumer sentiment rose from 68.7 in May to 70.8 in June, raising hopes that the world‘s largest economy is picking up.June’s figure of 70.8 represents the highest level since February 2008 and is the fourth consecutive rise this year.Meanwhile, the Commerce Department reported that US consumer spending, which makes [...]

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