Eurozone Industrial Production & NY Empire State Manufacturing Index

The Eurozone Industrial Production figures were released today with the MoM figure coming in at 0.8% for the month of October which was inline with the consensus figures. The YoY figure published came in at 2.0% which was slightly better than the consensus forecasts of 1.9%. EUR/USD and German Bund yields initially gave a muted reactions, but saw gains as the market digested the positive news.

Source: Eurostat

The NY Empire State Manufacturing Index came in sharply lower at -3.90. This was considerably lower than the consensus figure of 10.  The EUR/USD pair sold off briefly on the release and the 10Y yield moved up slightly.