University of Michigan Consumer Sentiment Index Edges Lower in October
The end-of-month index was 48, compared with 46.3 in the preliminary October reading and 48.1 in September. It remained near record-low levels.
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Consumer shares rise on hopes for fuel-price moderation
Consumer companies rose as markets looked for fuel-price moderation. Trump said the U.S. would import diesel from Russia, while Delta Air Lines shares were roughly flat after it cut its 2026 earnings projection. The University of Michigan consumer-sentiment index fell to 46.3 in the preliminary October reading.
US stocks rise broadly to end positive week
Major U.S. indexes finished higher Friday, with nine S&P 500 sectors advancing and small- and mid-cap shares also participating. Technology was mixed, as semiconductor weakness offset gains in software, cybersecurity and several megacaps.
Treasury Yields Reach 24-Year Highs, Telecom Stocks Sell Off: This Week On Wall Street
The S&P 500 closed above 7,800 for the first time on Tuesday, then spent the rest of the week absorbing a 24-year high in Treasury yields and a report questioning the revenue behind the artificial intelligence buildout. Minutes of the Federal Reserve’s September meeting, released Wednesday, showed most officials expect
Stock Market Today: Nasdaq 100 Rebounds From OpenAI Scare, T-Mobile Tumbles 12%
U.S. stocks edged higher by midday Friday, with the Nasdaq rebounding from Thursday’s setback sparked by concerns over OpenAI’s weaker-than-expected revenue, while the wireless carriers were hammered by a Space Exploration Technologies Corp. (NASDAQ: SPCX ) spectrum deal. SpaceX said Thursday it acquired a nationwide 8
Gold rises more than 1% on softer dollar
Gold futures advanced more than 1% in early European trading as the dollar weakened and oil prices slipped. Market participants also were reassessing the inflation and interest-rate outlook.
US Consumers Expect Inflation at 4.7%: UMich Survey Shows Second-Worst Print Ever
American consumers are the gloomiest they’ve been in more than seven decades. That’s according to the University of Michigan’s consumer sentiment index, which fell to 46.3 in the preliminary October reading, from 48.1 in September. Economists expected 47.6. Only May’s 44.8 was lower. Before this year, the record low wa
US consumer sentiment outlook deteriorates to record lows
UMich’s preliminary October consumer sentiment read shows expectations plunging to record lows, indicating a deterioration in the American consumer outlook.
U.S. consumer sentiment index falls to 46.3 in October
The University of Michigan said its consumer sentiment index fell to 46.3 in October from 48.1 in September, with the decline larger than expected.
Consumer sentiment falls in preliminary October Michigan reading
The University of Michigan’s preliminary October headline index fell to 46.3 from 48.1 in September.
University Michigan Sentiment Prelim
University Michigan Sentiment Prelim
U.S. U Mich prelim October sentiment seen at 48.0
U.S. University of Michigan preliminary October sentiment is due at 10 a.m. ET and is expected at 48.0.
OpenAI revenue update lifts AI trade
A Bloomberg report saying OpenAI is on track to meet or exceed $70 billion in annualized revenue by year-end helped reverse yesterday’s AI-related selling. The note also said the $50 billion figure reflected a shorter period projection.
Premarket: Apple and telecoms slide; Humana jumps ahead of U. Michigan
Apple falls ~2% on reports of reduced iPhone 18 Pro component orders. T-Mobile US, Verizon Communications and AT&T are down ~5%–6% after SpaceX acquired wireless spectrum to expand Starlink Mobile. Humana is up ~15% on improved Medicare Advantage ratings.
U.S. calendar lists CPI, PPI, retail sales, housing data
The week ahead includes U.S. CPI, PPI, retail sales, housing data, the University of Michigan consumer survey and weekly EIA petroleum and gas inventory reports.
Nasdaq futures rise as oil prices ease
Stock futures rose Friday as AI-related shares recovered and oil prices fell. The rebound followed Thursday's tech selloff, while investors also looked ahead to next week's earnings season and later U.S. consumer sentiment data.
Gold rises more than 1% as dollar softens
Gold futures climbed 1.4% in early European trading as the dollar eased and oil prices fell. Traders are also reassessing the inflation and interest-rate outlook.
Stock Market Today: S&P 500, Dow Jones Futures Gain as Scott Bessent Says US Is Starving Iran's 'Tyrannical Regime'—PKE, HUM, RENX in Focus
U.S. stock futures were higher on Friday, as the Dow Jones, S&P 500 and Nasdaq 100 indices rose, following Thursday’s mixed close. The U.S. Treasury Department sanctioned 17 vessels targeting Iran’s shadow fleet to choke off Tehran’s oil revenue. The move adds another layer of uncertainty to an already tight global oil
Gold rises more than 1% as dollar eases
Gold futures advanced in early European trade as the dollar softened and oil prices fell. Traders were also reassessing the inflation and interest-rate outlook.
G7 Political, Economic Calendar - Week Ahead
All dates are in Eastern Time. Thursday, October 8, 2026 Exp Prev ET 1901 UK Sep BRC-Sensormatic IQ Footfall Monitor 1930 JPN Aug Household Spending Wage-Earner Spending, Y/Y% -6.8% All Household, Y/Y% -3.6% -3.6% Propensity to Consume, Y/Y (Pts) -2.3 Propensity to Consume-Adj, % 58.2% N/A EU Eurogroup meeting of euroz
France remains focus in sovereign debt discussions
Strategists say France remains the main topic in client discussions as foreign investors sell and domestic buyers step in during sovereign stress episodes. They also warn that these flow shifts may not prevent further spread widening.
Strategists see domestic buyers dominating French OATs
Societe Generale strategists expect a rotation from foreign to domestic investors in the French government bond market as uncertainty persists. They said wider spreads may remain likely, but investors are unlikely to exit OATs altogether.
France bond selloff deepens as spreads widen
French government bonds are being priced more like peripheral debt as the OAT-Bund spread moves above 140 basis points, according to Federated Hermes' Mitch Reznick. Investors are also focused on France's high debt, large deficit, increased supply and political uncertainty ahead of the presidential election.
Firmus scraps Australian IPO amid market conditions
Nvidia-backed cloud-computing company Firmus Grid withdrew its application to list on the Australian Securities Exchange and scrapped plans for an IPO it said would have raised almost US$5 billion. The company cited recent market volatility and prevailing market conditions.
Dollar Seen Trading Around 4.08-4.10 Ringgit Next Week
Kenanga economists expect the dollar to trade between 4.08 and 4.10 ringgit next week, with risks tilted toward further ringgit weakness. They said U.S. inflation data, Fed rate expectations, Malaysia’s Budget 2027 and geopolitical risks may influence the pair.
Asian currencies mostly consolidate versus dollar ahead of U.S. data
Asian currencies are consolidating against the U.S. dollar as markets look to upcoming U.S. data, including the University of Michigan preliminary consumer sentiment index.
Asian currencies mostly consolidate ahead of U.S. data
Most Asian currencies were little changed against the dollar as investors waited for U.S. data, including the University of Michigan preliminary consumer sentiment reading. Traders were also watching Treasury yields and comments from Federal Reserve officials for clues on the policy outlook.
G7 Political, Economic Calendar - Week Ahead
All dates are in Eastern Time. Thursday, October 8, 2026 Exp Prev ET 1901 UK Sep BRC-Sensormatic IQ Footfall Monitor 1930 JPN Aug Household Spending Wage-Earner Spending, Y/Y% -6.8% All Household, Y/Y% -3.6% -3.6% Propensity to Consume, Y/Y (Pts) -2.3 Propensity to Consume-Adj, % 58.2% N/A EU Eurogroup meeting of euroz
G7 Political, Economic Calendar - Week Ahead
All dates are in Eastern Time. Wednesday, October 7, 2026 Exp Prev ET 1801 EU European Court of Auditors Annual Report on the EU Budget 1901 UK Sep KPMG and REC UK Report on Jobs 1901 UK Sep RICS Residential Market Survey 1950 JPN Aug Balance of Payments Current Account (JPY) 3.195T 2.989T Goods and Services (JPY) -912
US Stock Futures Slip as Treasury Yields Stay Elevated
US stock futures pointed to a subdued start on Monday, with contracts linked to the Dow Jones, S&P 500 and Nasdaq-100 each down less than 0.2%. Investor caution was driven mainly by elevated Treasury yields ahead of the Federal Reserve’s policy meeting later this week. The 10-year Treasury yield climbed to its highest