Consumer sentiment rises

US consumer sentiment rose in January to its highest level in 11 years on better job and wage prospects, a survey released on Friday showed. The Thomson Reuters/University of Michigan's final January reading on the overall index on consumer sentiment came in at 98.1, its best showing on a final basis since January 2004 and the latest in a string of increases since August. The reading was up from 93.6 the month before but slightly under the preliminary reading of 98.2, which was also the median forecast of among economists polled by Reuters.