-
In the U.S., the Empire State Index and Philly Fed Index are slated for release, both manufacturing gauges.
FORBES: METALS OUTLOOK: Impact Of Fed Action To Reverberate Into Next Week
-
At the same time, the Philly Fed index topped expectations, despite marking a fifth consecutive month of declines.
FORBES: The Bulls Battle Back: US Stocks Recover As Trulia And Starbucks Shine
-
The Philly Fed index of activity was predicted to rise in June from 3.9 but came in at minus 7.7.
FORBES: Euro-Cash Pressures Trip-up Nearby Eurodollar Futures
-
During the past two months, we have seen the various ISM indices, the Chicago PMI, the Empire State Manufacturing Index, and the Philly Fed Index all soften.
FORBES: Yes We Can, But No We Didn't
-
The day started out with the announcement that Bank of America would be laying off 16, 000 workers which helped sink the market, but better than expected jobless claims and a Philly Fed index that came in ahead of the consensus estimate, along with a solid IPO pop for real estate research site Trulia, aided the recovery in risk assets.
FORBES: The Bulls Battle Back: US Stocks Recover As Trulia And Starbucks Shine
-
Not even a plummeting Philly Fed Manufacturing Index figure that registered a grizzly -7.7 could push the euro past resistance.
FORBES: Buck Bounces Higher On Surging Safe-Haven Demand
-
Philadelphia stood out as the weakest district, confirming the disastrous numbers that came out of the most recent Philly Fed manufacturing index.
FORBES: Beige Book Describes Zombie Economy As Markets Await Obama's Jobs Speech
-
The latest jobs report showed an economy adding no jobs in August, while the Philly Fed manufacturing index signaled a contracting manufacturing sector, even though the ISM manufacturing report showed expansion, albeit at a slowing pace.
FORBES: Beige Book Describes Zombie Economy As Markets Await Obama's Jobs Speech