The Reuter's/University of Michigan consumer Confidence advacned unexpectedly to 69.9 from 67.7 in December; better than medain estimates 68.0.

overll economic conditions rose to 79.6 from 77.9, while economic outlook bounced up to 63.6 from 61.1. The one-year inflattion expectations stood at 3.1 percent in December, while five-year inflation expectations chilled at 2.7 percent in December.