This post was originally published on this site. Prior was 46.3 Current conditions vs 48.0 expected Expectations vs 49.5 expected One-year inflation vs 4.7% prior Five-year inflation vs 3.5% prior The University of Michigan’s Surveys of Consumers is one of the oldest measures of US household sentiment but it’s lost its lustre in financial markets due to readings that don’t correspond with spending. The preliminary reading is released at 10 am ET in the first half of each month, based on interviews conducted over the preceding weeks. A final reading incorporating the full sample follows near the end of the...

This post was originally published on this site.Al-Arabiya cited an Iranian source who says that Iran is responding positively to the latest proposals presented by mediators. Now Tehran is waiting for practical steps from Washington to build trust. Oil is under pressure after this report and stocks are bid. The S&P 500 is up almost 1% and the Nasdaq nearly 2%. This article was written by Adam Button at investinglive.com.