News Headline Summary

US Industrial Production (Nov) M/M 1.1% vs. Exp. 0.3% (Prev. -0.4%, Rev. -0.7%); largest gain since December 2010

- US Capacity Utilisation (Nov) M/M 78.4% vs. Exp. 78.0% (Prev. 77.8%, Rev. 77.7%)
- US Manufacturing (SIC) Production (Nov) M/M 1.1% vs. Exp. 0.5% (Prev. -0.9%, Rev. -1.0%)

Reaction details (16:19)

- No reaction seen in T-notes or EUR/USD following the data.
- E-mini S&P popped immediately to the upside following the release although gains were pared following revisions to the previous number and the comment regarding Hurricane Sandy.

Analysis details (16:18)

- November Industrial Production gain is largely result of post-Sandy recovery.

14 Dec 2012 - 16:15 - Forex Data - Source: Newswires

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