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Published on Wednesday, June 15, 2016 | Updated on Wednesday, June 15, 2016

Market Comment | Equities climb back ahead of today’s FOMC decision

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Summary

US industrial production fell by more than expected in May, with softer manufacturing production (-0.4% MoM, consensus -0.2% MoM, previous 0.6% MoM). Moreover, industrial capacity utilisation declined by more than expected (to 74.9%, consensus 75.2%, previous 73.3). The Empire State manufacturing index unexpectedly increased in June, led by new orders and shipments, which bodes well […]