BREAKING: U.S. industrial production below expectations!

The U.S. industrial production data for the month of August were published just a few minutes ago. Surprisingly, the data came in below market expectations as the gauge rose 0.4% MoM (previously: 3.0%). Below we present the exact figures:

  • Industrial Production in August: 0.4% MoM (vs expected: 1.0% MoM)

Contrary to disappointing industrial production data, the NY Empire State Manufacturing Index (published just 30 minutes earlier) did surprisingly well. The index rose in September to 17.0 pts while markets anticipated that it would amount to 6.80 pts. Shortly after the release S&P 500 futures caught a bid and added some gains.

U.S. industrial production rose for the fourth consecutive month. Source: Macrobond, XTB Research

USDJPY bounces off 104.00 area
Nikola craters as the firm’s chairman resigns
Coronavirus: market update
Technical Analysis: US100
HSBC shares tumble after 'FinCEN' leak
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.