Details of the October Philly Fed Business Outlook

  • Prior was +12.8 (was the highest since Feb 2015)
  • Employment: -4.0 vs -5.3 last
  • New orders: +16.3 vs +1.4 last
  • Prices paid +7 vs +20.6 last
  • Capex index 21.2 vs 8.6 last
  • 6-month index 32.6 vs 37.5 last

Very good reading but the focus will be on Draghi for the next hour.