Reactions to US Leading Indicators and the Philly Fed Index

Leading indicators in the US rose in November to 0.9 percent, beating analyst estimates by 0.2 percent. Philadelphia Fed index of manufacturing activity also climbed more than expectations, reaching to 20.4 for December from 16.7 in the previous month.

It is worth noting that the Empire Manufacturing index for that month had already showed significantly less improvement than expectations. Furthermore, a report on jobless claims which released earlier that day showed an increase of 7,000 when the market was waiting for 8,000 decline.

Following charts show the reactions to the news.