Dallas Fed Manufacturing Index Exceeds Analyst Expectations

Key Insights

• Dallas Fed Manufacturing Index lowered from -19.9 in November to -9.3 in December.
• Production Index improved from -7.2 to 1.4.
• Contemporary Orders Index grew from -20.5 to -10.9.

On December 26, the Federal Reserve Monetary institution of Dallas released Dallas Fed Manufacturing Index document. The document indicated that Dallas Fed Manufacturing Index declined from -19.9 in November to -9.3 in December, compared with analyst consensus of -20.5.

In step with the document, Texas factory inform stabilized in December after contracting in November. Production Index elevated from -7.2 in November to 1.4 in December. Contemporary Orders Index improved from -20.5 to -10.9, while Firm Outlook elevated from -18.8 to -11.0.

Longer-time length Treasury yields were largely flat after the free up of the document. It appears that bond merchants usually are not ready for big moves after Christmas.

U.S. Buck Index settled approach 101.60. The American forex remains under stress as merchants wager on dovish Fed.

Gold remained caught below the $2060 level as merchants waited for catalysts. From a broad exclaim point of ogle, gold bulls protect alive to in the weakness of the U.S. buck.

SP500 pulled wait on from session highs as merchants reacted to the upper-than-expected document. At this point, it appears that SP500 needs stronger catalysts to climb above essentially the most contemporary highs at 4787.

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