The US Philadelphia Fed Manufacturing Index results where just released. The announcement is expected to affect the following instruments for the next few hours:
Due to the increased volatility in the market around this news event we would advise that you review any open positions in the market.
These statistics are based on the past 12 US Philadelphia Fed Manufacturing Index events, in which these instruments were all affected
Why this event matters:
Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.
Disclaimer: Past performance may not be indicative of future performance