Philly Fed business outlook:
- Prior was -5.9 (revised to -10.2)
- New orders -1.4 vs -11.1 prior
- 6-month capex +9.4 vs +10.7
- Employment -1.9 vs +2.2 prior
- Prices paid -1.1 vs -8.3 prior
Decent report but the ECB is the main event.
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