[macro outlook] Today, we focus on the preliminary value of the consumer confidence index of the University of Michigan in September.

SMM9 March 18: today's focus on the preliminary data of the University of Michigan Consumer confidence Index in September in the United States.

After the euro zone's quarterly adjustment in July, the current account after the quarterly adjustment is the original statistical data, and the seasonal adjustment refers to the seasonal adjustment, which is based on the seasonal fluctuation law of the historical data, so that the data can be compared with the previous month or the previous quarter. The current account surplus means that inflows from the euro zone exceed capital outflows, and the current account deficit means that outflows from the euro zone exceed inflows. If the data is better than expected, it will be good for the euro, while if the data is lower than expected, it will be bad for the euro.

In the US current account for the second quarter, this indicator is directly related to the demand for money-a larger surplus means that foreigners buy more of their own currency to trade with the country, which is good for their own currency. If it is negative (deficit), it means that the country's net foreign wealth or investment is low. If a country's current account deficit widens, its currency will depreciate.

The initial value of the consumer confidence index of the University of Michigan in September, the consumer confidence index is an indicator of the strength of consumer confidence, the higher the index indicates that American consumers have good expectations for the economy and the market and personal future financial income during this period. Generally speaking, the higher the consumer confidence index, the better the current market prospects and the better-than-expected economic development.

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