Consumer sentiment according to the University of Michigan is again heading downwards. For January, the sentiment index falls to 68.8 points against an expectation of 70 points and the previous level of 70.6 points. Rising prices and uncertainty about the coronavirus are responsible for the low sentiment. Inflation expectations for the 1-year outlook point to 4.9%, compared to 4.8%.
Economic Calendar: Markets Await Reports from Procter & Gamble and Western Digital 💡
Daily Summary: SpaceX and the tech sector drive Wall Street, oil retreats sharply below $97
Russia is selling off gold reserves. Why, to whom, and does it matter for the market?
BREAKING: US oil inventories fall more than expected, but distillate build cools enthusiasm