The US November University of Michigan Consumer Sentiment Index rose to 51.0, beating the market expectation of 48.0. Specifically, the Current Economic Conditions Index came in at 51.0 (compared to 46.7 in October), and the Index of Consumer Expectations stood at 50.9 (compared to 48.8 in October); the 1-year inflation expectation dropped to 4.3% (compared to 4.7% in October), and the 5-year inflation expectation declined to 3.4% (compared to 3.5% in October).