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Economic Calendar: Report from the University of Michigan ahead!

7:47 AM 14 July 2023
  • Focus on the University of Michigan Sentiment Report
  • DAX CFD indices are trading slightly lower today

Today's market day appears to be calmer compared to Wednesday and Thursday of this week. Yesterday, we witnessed incredible volatility in cryptocurrencies following XRP's victory in court against the SEC. The markets were further supported by the positive sentiment after lower CPI and PPI readings.

Today, investors will find out whether the lower inflation readings have also affected expectations for inflation in the 1-year and 5-year perspectives. The University of Michigan report will be published at 3:00 pm BST. In addition to inflation expectations, the report will also show the current consumer sentiment, with an expected reading of 65.4, slightly higher than the previous reading of 64.4.

Detailed schedule for the day:
9:00 am BST - Poland, Final CPI Inflation:

  • Expected: 11.5%; Previous: 13.0%

1:30 pm BST - Canada, Industrial Sales for May:

  • Expected: 0.7%; Previous: 0.3%

3:00 pm BST - USA, University of Michigan Report:

  • Sentiment: Expected: 65.4; Previous: 64.4
  • 1-year inflation previously: 3.3%
  • 5-year inflation previously: 3.0%
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