Yesterday's US economic data were positive
The Federal Reserve Bank of Philadelphia's Manufacturing Business Outlook Survey released yesterday beat analysts' expectations, coming in at -10.4 versus a forecast of -22.
The Federal Reserve Bank of Philadelphia's Manufacturing Business Outlook Survey released yesterday beat analysts' expectations, coming in at -10.4 versus a forecast of -22. US initial unemployment claims last week were also lower than expected, with 242,000 reported versus a predicted 270,000. It's likely that this will support the US stock market.
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