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Here comes consumer confidence ...

Jul 15, 2016, 19:08 IST

A Customer visits a H&M store at the Newport Mall during Black Friday Sales on November 27, 2015 in Jersey City, New Jersey. It was expected that 135.8 million Americans would shop this Black Friday weekend, according to the National Retail Federation.Kena Betancur/Getty

The University of Michigan will release its preliminary report on consumer sentiment during July at 10 a.m. ET.

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Economists forecast that the index of consumer sentiment was unchanged from the final June reading of 93.5, according to Bloomberg.

This will be the first consumer confidence report since Britain's vote to leave the European Union. While it rocked financial markets, it's unlikely to be a big concern to US consumers, according to Wells Fargo's Sam Bullard.

Economists will also be focusing on consumers' inflation expectations, which rose from multi-year lows last month.

The previous report showed that consumer concern about the prospects of the US economy was rising.

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More to come ...

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