CONSUMER SENTIMENT REPORT – TALKING POINTS:The College of Michigan Survey of Customers rose to 95.7, beating expectations of 95.5
CONSUMER SENTIMENT REPORT – TALKING POINTS:
- The College of Michigan Survey of Customers rose to 95.7, beating expectations of 95.5 as President Trump impeachment inquiries have been largely dismissed by customers
- Customers stay targeted on future earnings and the labor market together with ongoing US-China commerce conflict and tariff uncertainty
- US-China commerce conflict newest highlights President Trump shying away from rolling again tariffs on China to seal a phase-one commerce deal, which prompted a risk-off transfer throughout markets
USD/JPY gyrated across the College of Michigan’s preliminary launch of its Survey of Customers report for November, which confirmed a slight enhance in client sentiment. The headline determine printed a studying of 95.7 which topped expectations of 95.5 and rose barely from last month’s reading. USD/JPY is on its again foot primarily attributable to a broad anti-risk temper to date throughout Friday’s buying and selling session as US-China commerce conflict uncertainty resurfaces.
The Client Sentiment report was overshadowed by remarks from President Trump who acknowledged that there is no such thing as a official settlement or plan to rollback tariffs as a part of the phase-one commerce settlement. The most recent commentary out of the US-China commerce conflict entrance follows several conflicting reports this week concerning the partial commerce deal and tariff rollback. Gold moved up…