UMich Sentiment Extends Bounce From Record 46-Year-Lows As Gas Prices Ease | Metals Mine

  • UMich Sentiment Extends Bounce From Record 46-Year-Lows As Gas Prices Ease

    From zerohedge.com

    Having rebounded from record (46 year) lows in June, University of Michigan's preliminary July Sentiment survey was expected to show further improvement as gas prices fell since the US-Iran 'peace' MoU signing (before rising modestly in the last few days of the reignited conflict). And indeed it did, headline Consumer Sentiment jumped from 49.5 to 54.4 (51.0 exp) - its highest since February... chart "With the second straight month of 10% jumps," said UMich Dirctor of Surveys, Joanne Hsu, pointing out that "consumer sentiment climbed to its highest reading since February of this year on the basis of easing price ... (full story)

Comment Options
Trader#74B5
5 hr ago
Permalink
I do not get it how the sentiment is improved when price go up almost on anything, tension in the middle east still are running high, with no pathway in the horizon for ending war in Iran which is main driver of high inflation number, though the latest US economic data shown a little improvement.
Credibility of US economic data are not guaranteed under this US administration. November, midterm election are coming and the administration is interested in good number coming in and economic data coming out. It is all about staying in power in order to escape responsibility for dire economic situation American people and almost every country is in.
Reply
Blessed-man
5 hr ago
Permalink
Probably improve because of the prospect of ceasefire effects which brought down Fuel prices and had an impact on CPIs and PPIs
Reply
View 0 more replies to Trader#74B5
Hide replies to Trader#74B5

  • Related Stories

Iranian Revolutionary Guard: Not a single drop of oil or gas will be exported from the region as long as the American aggressions continue
From @FirstSquawk | 16 hr ago | 12 comments
Iranian Revolutionary Guard: Not a single drop of oil or gas will be exported from the region as long as the American aggressions continue
Platinum metals fundamentally key to China’s Five-Year Plan, WPIC reports
From miningweekly.com | 3 hr ago
Platinum group metals (PGMs) are fundamentally key to the delivery of China’s 15th Five-Year Plan to 2030, Shanghai Platinum Week 2026 has served to highlight. Founded and organised by the World Platinum Investment Council (WPIC), Shanghai Platinum Week this year attracted a record 713 in-person attendees, up 30% on 2025. During the agenda-packed week, it ...
Copper Drops Sharply As Sentiment Shifts
From tickmill.com | 8 hr ago
Copper Sinking on Friday Copper prices are falling sharply on Friday with the futures market gapping lower today and now down around 2% from yesterday’s close. The move comes amidst a fresh uptick in USD as focus reverts back to the re-escalation of the US/Iran war and the renewed inflation implications linked to the conflict. With oil prices surging higher ...
  • Story Stats