Free Trial
US TSYS

Late SOFR/Eurodollar/Treasury Option Roundup

EURJPY TECHS

Holding On To Its Recent Gains

USDJPY TECHS

Trend Outlook Remains Bearish

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

Empire Mfg Index Bounces But 6-Month Ahead Close To 2001 Lows

US DATA
  • The NY Fed Empire manufacturing survey was stronger than expected in November, with current conditions bouncing from -9.1 to +4.5 (cons -6.0) to the highest since July.
  • If followed by other regional measures (Empire as usual the first Nov print) would start to imply some upside to the ISM mfg survey for once.
  • However, six-month ahead conditions soured, falling from -1.8 to -6.1, which barring the -6.2 in July is the weakest since 2001, through both early pandemic and 2009 lows.
  • Within price components, current period measures stepped further higher off recent lows whilst 6mths ahead were unchanged down slightly but don’t materially change the picture.


106 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 NY Fed Empire manufacturing survey was stronger than expected in November, with current conditions bouncing from -9.1 to +4.5 (cons -6.0) to the highest since July.
  • If followed by other regional measures (Empire as usual the first Nov print) would start to imply some upside to the ISM mfg survey for once.
  • However, six-month ahead conditions soured, falling from -1.8 to -6.1, which barring the -6.2 in July is the weakest since 2001, through both early pandemic and 2009 lows.
  • Within price components, current period measures stepped further higher off recent lows whilst 6mths ahead were unchanged down slightly but don’t materially change the picture.