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Here Comes Consumer Confidence...

Myles UdlandNov 25, 2014, 20:20 IST

The November reading on consumer confidence from Conference Board is set for release at the top of the hour.

Expectations are for the reading to come in at 96, up from 94.5 last month.

October's 94.5 was a seven-year high for the index, which jumped sharply from 89.0 in September.

Ian Shepherdson at Pantheon Macro expects the reading to come in even better than expectations at 97, and wrote in a note to clients ahead of the report that falling gas prices and the stock market's recovery from the October lows should boost the reading.

We'll be back with the live numbers when they hit.