2023-07-14 07:18:38
Spotlight on University of Michigan sentiment report European indices led by the DAX are trading slightly lower today
Today’s market day appears to be quieter compared to Wednesday and Thursday of this week. Yesterday, we witnessed incredible volatility in cryptocurrencies following XRP’s court victory against the SEC. Markets were further supported by positive sentiment after lower CPI and PPI readings.
Today, investors will find out if the lower inflation numbers have also affected inflation expectations on the 1-year and 5-year outlooks. The University of Michigan report will be published at 4:00 p.m. CEST. In addition to inflation expectations, the report will also show current consumer sentiment, with an expected reading of 65.4, up slightly from the previous reading of 64.4.
10:00 CEST – Poland, final CPI inflation:
Expected: 11.5%; Previous: 13.0%
2:30 p.m. CEST – Canada, industrial sales for May:
Expected: 0.7%; Previous: 0.3%
4:00 p.m. CEST – US, University of Michigan report:
Sentiment: Expected: 65.4; Previous: 64.4 Inflation 1 year prior: 3.3% Inflation 5 years prior: 3.0%
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