
New home sales surged some 16 percent in January to their highest rate since July 2008, while The Conference Board index of consumer attitudes rebounded to 69.6 in February from an upwardly revised 58.6 in January.
This latter figure suggests Americans has recovered from the shock of a sharp rise in payroll taxes over the New Year.
Markets were buoyed by the US data, which were both well above expectations, with the Dow Jones Industrial Average recovering half a percent in morning trading.