Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
Risk mood more tentative in early trades
US retail sales later today will arguably be the key barometer for trading/risk sentiment but delta variant concerns are keeping market participants on edge for now.
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