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Global consumer confidence grows, US and Asian markets strong

According to a survey by Nielsen Holdings, global consumer confidence rose in the first quarter, as improvements in the US economy and continued growth in Asian markets brought sentiment levels to the highest level since the global recession began, Bloomberg has reported. "Households around the world experienced a brighter situation in terms of jobs and personal finances last quarter, especially in the US and Asia," Venkatesh Bala, chief economist at Nielsen's Cambridge Group unit, said. "Underlying economic conditions however are still fragile and fluid in many parts of the world which could affect confidence and spending momentum in the next quarter."