US April Philly Fed business index +26.7 vs +10.0 expected

Prior was +18.1Details:New orders 33.0 vs 8.6 priorShipments 34.0 vs 22.2 priorUnfilled orders -10.2 vs -4.7 priorDelivery times 1.7 vs 18.9 priorInventories -1.9 vs 1.4 priorPrices paid 59.3 vs 44.7 priorPrices received 33.5 vs 21.2 priorNumber of employees -5.1 vs 0.8 priorAverage employee workweek 7.7 vs 2.8 priorSix-months from now indicators:6 month ind… Prior was +18.1 Details: .…………………… Prior was +18.1 Details: . New orders 33.0 vs 8.6 prior Shipments 34.0 vs 22.2 prior Unfilled orders -10.2 vs -4.7 prior Delivery times 1. Prior was +18.1 Details: New orders 33.0 vs 8.6 prior Shipments 34.0 vs 22.2 prior Unfilled orders -10.2 vs -4.7 prior Delivery times 1.7 vs 18.9 prior Inventories -1.9 vs 1.4 prior Prices paid 59.3 vs 44.7 prior Prices received 33.5 vs 21.2 prior Number of employees -5.1 vs 0.8 prior Average employee workweek 7.7 vs 2.8 prior Six-months from now indicators: 6 month index 40.8 vs 40.0 prior Capex… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.