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U.S. consumer sentiment saw its first improvement in six months during June, according to the University of Michigan. The Consumer Sentiment Index rose to 60.5, exceeding economists' forecasts.

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The closely watched consumer sentiment index rose to 60.5 from 52.2 in May, surpassing economists’ expectations and signalling a better backdrop for public confidence.

Still, Hsu noted that consumer views of business conditions, personal finances, labor markets, stock markets, and buying conditions for big-ticket items all remain below where they were in December.

U.S. consumer sentiment improved for the first time in six months in June as trade tensions between the U.S. and China eased, but households worried about the economy's trajectory.