14:01 (GMT) 12 Oct

EUR/USD, S&P Futures Flows: Univ of Mich CSI jumps, markets don't (WQNC5201)

The week is ending with the market getting a look at US consumer attitudes, which are more important than usual in advance of the 5 November Presidential election in the US. The October University of Michigan Consumer Sentiment Index came at 83.1, higher than September's final reading of 78.3, which was much stronger than the market median estimate of 78. It is slightly surprising to see the market more or less ignore the better than anticipated release. Maybe the market needs time to digest the better than anticipated news. M.B.