NEW YORK, Oct 12 (Reuters) - U.S. consumer sentimentunexpectedly rose in October to its highest level in five yearsas optimism about the overall economy improved, a surveyreleased on Friday showed.
JACOB OUBINA, SENIOR U.S. ECONOMIST, RBC CAPITAL MARKETS,NEW YORK
"Certainly the rise in sentiment is a surprise to us andespecially in the context of high oil prices as well as the factthat equities pretty much languished. You have to wonder howmuch politics could be involved. This flies in the face of morefundamental factors that should be driving sentiment. This couldalso be related to the drop in the unemployment rate, which gota lot of headlines last week."
WAYNE KAUFMAN, CHIEF MARKET ANALYST AT JOHN THOMAS FINANCIALIN NEW YORK
"The consumer hasn't been the big problem that people areworried about. Consumer-related stocks are one of the decentareas of the market, both discretionary and staples. Theconsumer is hanging on."
COMMENTS: STOCKS: U.S. stocks added to their gains .
(Americas Economics and Markets Desk; +1-646 223-6300)
Keywords: USA ECONOMY/CONFIDENCE