BREAKING: UoM sentiments much stronger, inflation expectations down 📊 US100 gains

Univeristy Michigan Sentiments prelim: 78,7 vs 70,1 exp. and 60.9 previously

• Expectations prelim: 75.9 vs 67 exp. and 67.4 previously
• Condition prelim: 83.3 vs 73 exp, and 73.3 previously

UoM 5-yr inflation expectations: 2.8% vs 3% exp. and 2.9% previously

UoM 1-yr inflation expectations: 2.9% vs 3.1% exp and 3.1% previously

Existing home sales: -1% vs 0.26% exp and 0.8% previously

After firstly 'bullish' reaction on UoM data, we can see a higher sellers' activity on US100. Despite that, the reading was very good for US economy momentum, indicating strong consumers and sentiments and what's more important - unexpected fall in inflation expectations in both - long term and short term.

Source: xStation5