UK consumer confidence hits lowest level since financial crisis – business live

Rolling coverage of the latest economic and financial news, as the GfK consumer confidence index hit decade lows

8.03am BST

After ending Thursday’s session in the red (which analysts have chalked up to profit taking) European shares are back in positive territory this morning:

7.46am BST

Good morning and welcome to our rolling coverage of the world economy, the financial markets and business.

Consumer confidence took a dive in May to the lowest level since the global financial crisis.

With certain sections of the US economy slowly reopening, there is a hope that we could start to see the unemployment rate start to plateau as more and more people return to work after being furloughed.

Continue reading… Source: The Guardian: UK consumer confidence hits lowest level since financial crisis – business live ———