BREAKING: Michigan data below expectations

Just moments ago University of Michigan released its survey data for the month of February. The headline figure fell to 76.2 from 79.0 in January.

Headline Michigan Consumer Sentiment: 79.0 pts (vs exp. 80.8 pts)

Michigan Current Conditions: 86.2 pts (vs exp. 88.0)
Michigan Consumer Expectations: 69.8 pts (vs exp. 74.0)
Michigan 1-Year Inflation Expectations: 3.3% (previous: 3.0%)

Surprisingly US indices gained slightly shortly after the release. Cash indices are still trading below the flatline.

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