020 7898 0500It was a fairly quiet end to a busy week on Friday. US consumer sentiment fell in June, with the University of Michigan index dropping from 97.1 to 94.5. This survey is considered one of the key indicators of the US consumer sentiment so the markets will be watching closely.
Wednesday’s Federal Open Market Committee meeting surprised many people, as they are seemingly adamant about normalising policy, brushing off some of the recent bout of weak data. Yet again however, Trump’s actions still cast a seed of doubt in investors’ minds toward further rate hikes this year. In a tweet on Friday he confirmed he is under investigation for firing former FBI Director James Comey.
Looking to the week ahead, it’s fairly quiet on the data front. We’ll be keeping a keen eye on any political developments throughout the week.
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