3:31 PM · 28 October 2024

BREAKING: Dallas index for October higher than expected📌

EUR/USD
Forex
-
-

03:30 PM BST, United States - Dallas Fed Mfg Business Index for October:

  • actual  -3.0 vs expected; - 9.2; previous -9.0;

Texas manufacturing showed notable improvement in October, with the Dallas Fed Manufacturing Index rising to -3.0, better than the expected -9.2. The production index surged to 14.6, its highest in two years, though broader manufacturing indicators were mixed. New orders remained negative at -3.7, while capacity utilization and shipments turned positive at 4.3 and 1.5 respectively.

Labor market conditions weakened, with the employment index falling to -5.1, as 19% of firms reported layoffs versus 14% noting hiring. Despite current challenges, future expectations strengthened considerably, with both the future production index (42.4) and business activity index (29.6) reaching three-year highs. Market reaction to the data was muted, with EURUSD remaining stable.

Key Highlights:

  • Production index surged to 14.6, a two-year high
  • Employment index declined to -5.1
  • Future outlook reached three-year highs
  • Market showed minimal reaction
 

Source: xStation

17 October 2025, 7:03 PM

Daily summary: Trump remarks helps Wall Street 📈Precious metals decline

17 October 2025, 5:37 PM

Fed's Musalem remarks on the US economy and tariffs🗽

17 October 2025, 12:37 PM

The AI Fever: Bubble or Will It Keep Rising?

17 October 2025, 10:42 AM

Chart of the day - EURUSD (17.10.2025)

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits