April 15, 2009
– Comments (2)
08:30 ECONX April Empire Manufacturing -14.65 vs -35 consensus
I have no idea how you have the energy to follow all these things. I would have thought that, given your screen name, you'd be more of a value-style investor and not chasing around every bit of news and every CAPS blog post.
The Empire Manufacturing report, meanwhile, doesn't connote strength, but it does indicate that the rate of contraction has slowed, as the report checked in at -14.65 (consensus -35.00) versus -38.23 in the prior month. A number below zero is indicative of contraction. The more influential Industrial Production report (consensus -0.9%) follows at 09:15 ET and will be trailed by weekly crude inventories at 10:30 ET and the Fed's Beige Book report at 2:00 pm ET.
At the moment, stock futures are pointing to a relatively flat start for the market.
--Patrick J. O'Hare, Briefing.com