University of Michigan’s final consumer sentiment report rounds up the final trading event for the week. U.S. consumer sentiment has remained resilient over the winter. With positive results in most of the major economic indicators; we are expecting today’s report to reflect that sentiment.
University of Michigan Sentiment Report, 13:55 GMT
- The labour market has been showing improvements in recent months, which should translate to consumer confidence.
- Although we have seen strong growth in employment, average incomes are still low, which is causing some consumers to be more cautious, hence precious soft results.
- Final June sentiment index is expected to rise to 82 up from 81.2 in the preliminary reading.
- Yet, the Conference Board’s Confidence Index rose to its highest level since 2008.
- Banc De Binary analysts predict that there will be a moderate rise in consumer confidence, indicating a potential upward movement in the USD/JPY.