Free Trial
JGB TECHS

(Z2) Stable at a Lower Level

JGBS

Firmer On Wider Impulse

KRW

Familiar Themes Still Driving Won Gains

US TSYS

Firmer On Tuesday, Midterms On Deck

AUSSIE 10-YEAR TECHS

(Z2) Primary Trend Direction Remains Down

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Dallas Fed Mfg Survey Adds To Misses For September, But Mixed

US DATA
  • The miss for Dallas Fed manufacturing activity, falling from -12.9 to -17.2 (cons -10) but still off the July low of -22.6, leaves three out of the four regional Fed surveys for Sept as misses, with mixed implications for Sept but generally implying some downside risk to ISM Mfg’s 52.8 in Aug. Richmond to come tomorrow.
  • Mixed values within the Dallas survey: production increased 8pts and new orders remained negative but increased 13pts to -1.7, yet the company outlook fell amidst elevated uncertainty.
  • The raw materials price index increased after three months of easing pressures but finished goods prices and wages continued a softening trend.
  • Adds to recent:

Empire beat: rose from -31.3 to -1.5 vs consensus -12.9

Philly miss: fell from +6.2 to -9.9 vs consensus +2.3

Keep reading...Show less
134 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • The miss for Dallas Fed manufacturing activity, falling from -12.9 to -17.2 (cons -10) but still off the July low of -22.6, leaves three out of the four regional Fed surveys for Sept as misses, with mixed implications for Sept but generally implying some downside risk to ISM Mfg’s 52.8 in Aug. Richmond to come tomorrow.
  • Mixed values within the Dallas survey: production increased 8pts and new orders remained negative but increased 13pts to -1.7, yet the company outlook fell amidst elevated uncertainty.
  • The raw materials price index increased after three months of easing pressures but finished goods prices and wages continued a softening trend.
  • Adds to recent:

Empire beat: rose from -31.3 to -1.5 vs consensus -12.9

Philly miss: fell from +6.2 to -9.9 vs consensus +2.3

Keep reading...Show less