Michigan Consumer Sentiment Current Conditions Decline in October
The University of Michigan said its current-conditions measure declined in October, driven by weaker views on buying durable goods.
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The University of Michigan said its current-conditions measure declined in October, driven by weaker views on buying durable goods.
University of Michigan Sentiment October Report
(The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Workspace/Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMT) On Monday In the United States, the National Association
U.S. indexes finished the week with gains, while bitcoin moved up to around $82,300. The update also noted Treasury yields near 5.24% and WTI crude around $91.65.
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.
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
Bitcoin moved up to around $82,500 as U.S. stocks advanced and Treasury yields edged higher. The move was part of a wider intraday risk-on session rather than a standalone catalyst-driven event.
Bitcoin moved up to around $82,600 while major U.S. indexes posted broad gains and Treasury yields edged higher. The move adds to a risk-on session that also saw WTI crude near $91.60 and the Dow up more than 400 points.
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 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.
The Federal Reserve’s Survey of Consumer Finances found median family net worth rose 2% from 2022 to 2025 to about $216,000, while wealth gains were much larger for affluent and older Americans.
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
Canada shed 68,000 jobs in September, reversing the consensus expectation for a small gain. The unemployment rate rose to 6.5% as manufacturing, education and health care lost jobs.
Bitcoin moved up to around $82,700 in Friday morning trade. The move was part of a broader market update on early stock, rates and commodity action.
Bitcoin moved up to around $82,600 in morning trading Friday. The article also noted gains in major U.S. stock indexes and moves in Treasury yields and crude oil.
Bitcoin moved up to around $82,900 in morning trade as U.S. stock-index futures and Treasury yields also moved higher.
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.
Bitcoin moved up to around $83,300 as U.S. stock index futures and Treasury yields also traded higher Friday morning.
Taylor Farms said it will stop iceberg lettuce sales from central Mexico during a four-month period starting next year after a cyclospora outbreak. The company also closed a regional processing facility and cut ties with a local grower.
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.
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.
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.
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
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
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.
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.
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.
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.
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.
Barron's said Delta Air Lines is scheduled to report earnings on Friday, while the University of Michigan will release its October consumer sentiment index. Economists surveyed by the publication forecast a 48 reading, up from September's 47.8.