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%.
BREAKING: Eurozone recovery? Positive PMI data tempered by high oil and gas prices
Economic Calendar: Big Tech, Tensions Over Iran, and the ECB’s Decision ⏰
Daily Summary: Wall Street Stabilizes Despite Higher Oil Prices
Economic Calendar: Time for Tesla and Google Earnings (22.07.2026)