Consumer confidence on rise as interest rates fall

Consumer confidence in Far East markets continues to climb amid interest rate cuts and increased job security. David Riddle, senior manager for Pacific equities at Legal & General says, that after last year's lull in confidence, consumers are now more secure about their employment, which is having a positive effect on spending. He says: "Consumers in the Far East were previously shell shocked by economic problems, leading to job insecurity and the reigning back of their expenditure. Now these people are finding they still have their job and are probably also doing some overtime. There is ...