Durable goods: Cramer also anticipated strong data about U.S. durable goods orders from the Commerce Department.
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The trend is similar in both non-durable goods and durable goods industries, even though durable goods include things like cars, where sales tend to be more sensitive to the economic cycle.
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Overall, sales in non-durable goods sectors rose 2.3 percent, while durable goods sales slipped 0.8 percent.
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This positive reading was due to slightly higher prices for intermediate, capital and durable goods, with non-durable goods prices falling.
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The latest durable goods report released on Thursday showed that durable goods orders plunged 5.1 percent last month, the biggest drop since August 2014, after slipping 53 percent in November, according to Reuters.
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Durable goods for April easily beat expectations, rising 3.4 percent.
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Inventories of overall durable goods rose 0.2 percent last month.
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Meanwhile, durable goods orders declined 0.7 percent, less than expected.
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Durable goods orders for April, meanwhile, fell less than expected.
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Industries to avoid are autos, durable goods, retail and apparel.
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New home sales are Monday, and durable goods are Tuesday.
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ET, with the release of durable goods orders for July.
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Weak sales of durable goods would usually signal a hesitant consumer.
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"We got some pretty strong durable goods orders," First Standard's Cardillo.
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Overall durable goods shipments fell 1.6%, the most since December 2015.
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December's durable goods data showed a surprise slowdown in business spending.
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Coming this week:Friday — US durable goods orders; Foot Locker (FL) earnings
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The durable goods report for December will be released on Feb.
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The drop in durable goods orders last month was broad-based.
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DURABLE GOODS, ALWAYS A GOOD PROXY FOR WHERE BUSINESSES ARE SPENDING.
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Miscellaneous durable goods manufacturing cut 126,600 jobs between 2001 and 2017.
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ET with November durable goods orders, consumer spending, and personal income.
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Durable goods orders, meanwhile, also disappointed, rising 1.3 percent in November.
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The Census Bureau will publish durable goods order numbers for August.
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Durable goods orders numbers are also scheduled for 8:30 a.m.
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ET, along with PCE price index figures and durable goods orders.
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ET Friday, as is the report on durable goods for December.
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ET: the first look at fourth quarter GDP and December durable goods.
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Durable goods purchases — things like a washer and dryer — are another example.
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Manufacturing rose 0.4 percent, helped by a rise in non-durable goods.
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Durable goods inventories rose last month after six straight months of decline.
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Durable goods orders jumped 23.14 percent last month, the Commerce Department said.
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ET.US durable goods orders for September also post at 8:30 a.m.
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That followed a 1.2 percent drop in durable goods orders in July.
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Durable goods shipments rose 0.6 percent following two consecutive months of declines.
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Overall durable goods shipments rose 0.4% and inventories increased 2.43% in May.
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Also, durable goods orders for June are out at 2000:33 a.m.
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Durable goods orders for December, meanwhile, rose 1.2 percent, the department said.
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Durable goods orders for December rose 1.2 percent, the Commerce Department said.
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That followed a 1.0 percent decrease in durable goods orders in April.
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On the data front, durable goods orders rose 1.7 percent in February.
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That followed a 2653 percent drop in durable goods orders in May.
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Durable goods orders rose a less-than-expected 20.31 percent in March.
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Durable goods orders have decreased in three of the last four months.
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Durable goods shipments rose 0.6 percent after two consecutive months of declines.
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Jobless claims and durable goods orders are due at 8:30 a.m.
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That followed a 2.7 percent increase in durable goods orders in March.
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That followed a 3.5 percent surge in durable goods orders in February.
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Strong U.S. data on durable goods orders also pressured gold, Melek said.
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The latest report was also accompanied by revised data on durable goods.
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Overall durable goods shipments rose 0.4% and inventories increased 0.5% in May.
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Durable goods like cars or appliances pile up when credit is costlier.
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They had raised it slightly Tuesday to 1.7% after durable goods data.
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That followed a 0.3 percent drop in durable goods orders in May.
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That followed a 4.6 percent jump in durable goods orders in August.
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"Look at autos, look at housing activity, durable goods in general," Paulsen said.
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We get durable goods orders and pending home sales data later this morning.
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Consumer prices were led lower by housing costs, durable goods and transport costs.
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Durable goods orders were previously reported to have risen 0.33 percent in March.
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Industrial production, durable goods orders, retail and homes sales all fell in April.
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November's durable goods orders also missed economists' expectations by nearly a percentage point.
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Durable goods orders were previously reported to have declined 2.3 percent in May.
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Other data Wednesday includes durable goods and weekly claims at 8:30 a.m.
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Overall durable goods shipments fell 1.6% in April, the most since December 2015.
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Durable goods inventories rose 0.4% last month, with motor vehicle stocks rising 0.8%.
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The company was impacted by slowing sales of durable goods and consumer electronics.
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For instance, monthly retail sales and durable goods data are not being released.
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There are durable goods and first quarter GDP, both at 8:30 a.m.
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A strong U.S. durable goods report added to a selloff in U.S. bonds.
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Much of the gains came in purchases of cars and other durable goods.
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Durable goods orders were previously reported to have declined 3.9 percent in June.
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Also today: US durable goods orders for February arrive at 8:30 a.m.
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"Staples sells a variety of durable goods, bottled water, cleaning and sanitation products."
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Orders for durable goods slipped 20113% last month after climbing 2.9% in December.
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ET, with the release of initial jobless claims and June durable goods orders.
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Consumer sentiment and durable goods orders will also be in focus for investors.
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A report on US durable goods will be released at 8:30 a.m.
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"I'm talking about the durable goods and the new home sales," he said.
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ET, the government is out with durable goods orders and weekly initial jobless claim.
|
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US key indicators like durable goods and construction spending are also showing negative growth.
|
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ET, with the government releases weekly initial jobless claims and September durable goods orders.
|
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But it's not only manufacturers and durable goods makers that are feeling the pressure.
|
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The government issues April durable goods and weekly jobless claims at 8:30 a.m.
|
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Boeing's problems with its grounded 737 MAX airlines could muddy the durable goods report.
|
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Orders for durable goods were previously reported to have dropped 0.33 percent in February.
|
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Economic reports Thursday include jobless claims and durable goods, both at 8:30 a.
|
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On Thursday, durable goods are reported and will include an update on businesses investment.
|
|
We get the durable goods report this morning along with weekly jobless claims numbers.
|
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Open government positions also increased by 21970,000, but durable goods manufacturing fell by 30,000.
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The downturn was the first since durable goods orders fell 4.6 percent in November.
|
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The report by the Commerce Department on durable goods caught most observers by surprise.
|
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Later this morning we'll get durable goods orders numbers and weekly jobless claims data.
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Economists polled by Reuters had anticipated only a 0.6 percent drop in durable goods.
|
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Finally, consumers also spent their money on durable goods, including home appliances and furniture.
|
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The pickup was a surprise after weak durable goods spending data in the quarter.
|
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The index is designed to complement the U.S. Commerce Department's durable goods orders report.
|
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Unfilled durable goods orders fell 0.4 percent last month after being unchanged in January.
|
|
Other economic data scheduled for release include February durable goods and several manufacturing surveys.
|
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Excluding volatile transportation orders, durable goods orders rose 0.9%, fastest growth since April 2018.
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Estimates call for a 23,1.403 claim increase and a 21.40 percent durable goods rise.
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Unfilled durable goods orders edged up 0.1 percent after falling 0.5 percent in December.
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Durable goods inventories slipped 0.1 percent last month after rising 0.2 percent in December.
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ET. Coming tomorrow: US durable goods orders for November post at 8:30 a.m.
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Durable goods orders rose 0.6% in October while economists expected a decline of 0.8%.
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Manufacturing also showed a gain of 15,000 and durable goods-related industries added 18,000.
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|
Motor vehicles and parts fell 21.2 percent while consumer durable goods fell 31.9 percent.
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Durable goods orders rose 0.6% in October, while economists expected a decline of 0.8%.
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Philadelphia Fed manufacturing data is released Tuesday, durable goods Thursday and consumer sentiment Friday.
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"You're bringing a consumer electronics mentality to a durable-goods product," Mr. Rusch said.
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The Commerce Department will also release durable goods order numbers for August on Friday.
|
|
We get GDP data, durable goods order numbers, and consumer sentiment figures out this morning.
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Spending on services rose 0.4 percent, but outlays on non-durable goods slipped 0.5 percent.
|
|
Important economic reports include advanced economic indicators and durable goods, both at 8:30 a.m.
|
|
Then comes the latest data on U.S. durable goods, jobless claims and pending home sales.
|
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In the week ahead, Wednesday brings durable goods, consumer sentiment and existing home sales data.
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The Commerce Department said Wednesday that orders for durable goods dropped 4.4 percent last month.
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ET. The government is also out with March durable goods orders at the same time.
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Private consumption gained by 0.1 percent due to a rise in demands for durable goods.
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The core data for durable goods will be more telling, with economists forecasting little change.
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|
Consumer spending was lifted by a 0.7 percent rise in purchases of non-durable goods.
|
|
Spending on automobiles energized spending on durable goods — longer-lasting products like appliances and cars.
|
|
We get durable goods data today as well as the revised first-quarter GDP numbers.
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|
Klerk said he believes this decline in spending on durable goods is "cyclical" in nature.
|
|
Durable goods orders for March rose 0.7 percent, below the 1.2 percent forecast by economists.
|
|
New home sales jumped 18.9 percent in September while durable goods orders rose 2.2 percent.
|
|
But the harder data—Durable Goods, Retail Sales, auto sales—have not been that great.
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|
Durable goods inventories rose 0.4% last month, boosted by stocks of motor vehicle and aircraft.
|
|
Retail sales, home sales, durable goods orders and industrial production have also declined in January.
|
|
Durable goods data, along with consumer sentiment numbers, are scheduled for release in the morning.
|
|
ET. Economic reports Tuesday include durable goods and advanced economic indicators at 8:30 a.m.
|
|
Other economic reports such as durable goods orders and construction spending also have shown growth.
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|
ET. Coming tomorrow: We'll get a look at US personal income and durable goods data.
|
|
Economists polled by Reuters had forecast durable goods orders would slip 274.5 percent in May.
|
|
Durable goods orders for November and weekly initial jobless claims were also scheduled to be released.
|
|
The government will also offer tax breaks for purchases of cars, homes and other durable goods.
|
|
The manufacturing industry, a priority for President Donald Trump, again saw marked hiring in durable goods.
|
|
In U.S. economic news, durable goods orders fell a more than expected 2.2 percent in May.
|
|
ET — initial jobless claims, August durable goods order and the second revision of second quarter GDP.
|
|
The durable goods report follows Thursday's PPI manufacturing and services data that was also surprisingly weak.
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|
As I said, the durable goods report yesterday, core CAPEX very strong the last two months.
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|
Durable goods orders were in January boosted by a 54.2 percent surge in civilian aircraft orders.
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|
Read MoreMarket reacts to sharp decline in durable goods orders But a strong dollar isn't helping.
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Durable goods orders in the U.S., meanwhile, rose 0.4 percent in January to surpass economist expectations.
|
|
Meanwhile, durable goods orders rose 4.9 percent in January, well above the expected 2.5 percent increase.
|
|
Durable goods orders grew a better-than-expected 1.7 percent overall, but internal numbers were softer.
|
|
ET followed an hour-and-a-half later by durable goods orders for the same month.
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|
Upbeat durable goods data, which supported the view of steady economic growth, also helped the greenback.
|
|
A durable goods report that came out last week tripled expectations, showing the economy is solid.
|
|
We get the durable goods orders numbers this morning along with the FHFA housing price index.
|
|
Durable goods orders rose 2.2 percent in September, more than the expected increase of 1 percent.
|
|
Excluding the volatile transportation category, durable goods orders are expected to decline by 0.4 percentage point.
|
|
Economic indicators due later on Thursday include the U.S. durable goods orders and jobless claims data.
|
|
Excluding the volatile transportation category, durable goods orders are expected to inch up 0.2 percentage point.
|
|
Meanwhile, U.S. durable goods orders for October dipped 1.2 percent, below the 0.3 percent increase expected.
|
|
Statistics Canada said the annual rate hit 2.4% on increased prices for vegetables and durable goods.
|
|
Weekly jobless claims, durable goods order and pending home sales data are due out on Thursday.
|
|
And orders of American durable goods, which include commercial planes, were down 1.3 percent in May.
|
|
ET: the Labor Department's weekly look at jobless claims and the Commerce Department's June durable goods.
|
|
There are also a few important economic reports, including Fridays' durable goods and fourth-quarter GDP.
|
|
Orders of durable goods remained sluggish, but revived somewhat as commercial aircraft orders surged in March.
|
|
Durable goods orders were last month boosted by a 54.2 percent surge in civilian aircraft orders.
|
|
U.S. durable goods orders jumped 3.1 percent in February versus expectations of a 1.5 percent increase.
|
|
There's a crush of economic data out Wednesday morning including durable goods and pending home sales.
|
|
Core durable goods orders rose 1.4 percent in July, more than the expected 0.4 percent increase.
|
|
In a separate release, the Commerce Department will announce figures for durable goods orders in November.
|
|
Excluding the volatile transport category, durable goods demand is thought to have risen by 0.2 percent.
|
|
There is some important economic data, including durable goods Thursday and personal income and spending Friday.
|
|
Durable goods orders, however, rose 2.9 percent in December, more than the expected 0.8 percent gain.
|
|
Barclays' revision was due in part to strong durable goods orders data, inventory and trade data.
|
|
We'll get a bunch of economic data on Wednesday including durable goods and pending home sales.
|
|
A disappointing report on durable goods orders in June lifted U.S. Treasury prices early in the session.
|
|
There is a dip in durable goods spending, but spending on other items is gaining some momentum.
|
|
Durable goods are expected to show a decline of 4.7 percent after showing surprising strength in October.
|
|
Unfilled durable goods orders rebounded 0.2 percent in February after slipping 0.3 percent in the prior month.
|
|
Consumer spending in June was lifted by a 0.7 percent rise in purchases of non-durable goods.
|
|
She will also watch durable goods data, due on Tuesday, for a view on corporate capital spending.
|
|
The Commerce Department said on Thursday orders for durable goods jumped 3.4 percent last month, Reuters said.
|
|
In economic news, durable goods orders fell 1.1% in September, notching their largest drop in four months.
|
|
ET when the government releases weekly initial jobless claims as well as durable goods orders for September.
|
|
U.S. TREASURY YIELDS LITTLE CHANGED AFTER U.S. JULY DURABLE GOODS DATA, 10-YEAR YIELDS LAST AT 1.530%
|
|
Demand for durable goods, long-lasting items ranging from bicycles to battleships, rose 2 percent in September.
|
|
Durable goods spending rose at a 9.5 percent annualized pace, the second straight quarter above 9 percent.
|
|
Weekly U.S. jobless claims data and a report on durable goods are expected at 8:30 a.m.
|
|
Meanwhile, data on durable goods orders is likely to have risen in December from the previous month.
|
|
Statistics Canada said here the annual rate hit 2.4% on increased prices for vegetables and durable goods.
|
|
Production of energy, durable and non-durable goods as well as intermediate goods fell in the month.
|
|
Durable goods, which range from refrigerators to battleships, are items meant to last at least three years.
|
|
Yet even Deutsche Bank's typically bullish Joseph LaVorgna is hesitant to brush the durable goods number aside.
|
|
ET ahead of the shortened week's final trading day: weekly jobless claims and February durable goods orders.
|
|
ET, with the government issuing weekly initial jobless claims as well as the March durable goods report.
|
|
Chad Bray ECONOMY On Wednesday, the Commerce Department will release data on durable goods orders in August.
|
|
The Census Bureau releases data about U.S. manufacturers' durable goods orders in April at 8:30 a.m.
|
|
There is little data, but existing home sales are reported Tuesday and durable goods are released Wednesday.
|
|
Durable goods inventories fell 0.3 percent and have been down in seven of the last eight months.
|
|
Daisuke Wakabayashi ECONOMY On Thursday, the Commerce Department will announce data on durable goods orders in September.
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|
They include the final third quarter GDP revision, durable goods orders, weekly jobless claims, and personal income.
|
|
Economists viewed the big decline in durable goods orders as evidence that manufacturing companies remain under pressure.
|
|
Kicking off the week, durable goods orders fell 1.1 percent, more than the expected 0.6 percent decline.
|
|
Data on durable goods orders for December and January consumer confidence are due later in the day.
|
|
" ON IMPACT OF SALES TAX HIKE "Non-durable goods sales are firm ... Consumption remains in good shape.
|
|
It is unlikely that December durable goods orders, personal income and consumer spending reports will be published.
|
|
ET (2111 GMT) on durable goods orders is expected to show orders fell 2100 percent in February.
|
|
It's another busy day for earnings while we also get jobless claims numbers and durable goods data.
|
|
ET. That comes at the same time as a key economic report — durable goods orders for January.
|
|
The Commerce Department said durable goods orders rose 0.6% in October after a 1.4% drop in September.
|
|
Manufacturing, especially in durable goods, continued what is now a two-year-long stretch of healthy growth.
|
|
Domestic auto sales, retail sales excluding autos, multiple housing indicators and durable goods orders all fell short.
|
|
Durable goods orders for October are expected to slow 210%, according to economists polled by Dow Jones.
|
|
US durable goods orders grew less then expected in December and existing home sales declined in January.
|
|
The Commerce Department will release the latest figures on durable goods orders for January at 8:30 a.m.
|
|
Manufacturing contributed 2000,20.1, thanks to a gain in durable goods and in particular transportation equipment, which added 234.5,000.
|
|
Durable goods include items ranging from toasters to aircraft that are meant to last three years or more.
|
|
December reports on durable goods orders, retail sales, housing starts and new home sales have also been postponed.
|
|
The Commerce Department says orders for durable goods rose 1.8 percent in January after two months of declines.
|
|
In economic news, durable goods orders rose 103 percent in January, slightly above the expected 1.7 percent increase.
|
|
In economic news, durable goods orders rose 1.8 percent in January, slightly above the expected 1.7 percent increase.
|
|
There are also durable goods Tuesday, international trade Wednesday and personal income and spending for March on Friday.
|
|
U.S. durable goods orders dropped 2.1% last month amid a slowdown in exports and a buildup in inventories.
|
|
On the data front, U.S. durable goods fell 2.2 percent in May, versus a 0.5 percent expected drop.
|
|
Key sectors such as housing, electricity grid investment and durable goods were all up sharply in recent months.
|
|
On the data front, initial jobless claims fell 1.13,000 to 258,000, while durable goods for September unexpectedly fell.
|
|
On the data front, initial jobless claims fell 3,000 to 258,000, while durable goods for September unexpectedly fell.
|
|
Economists had forecast durable goods orders advancing 1.8 percent last month and core capital goods increasing 0.8 percent.
|
|
Always volatile, overall durable goods orders are expected to decline by 0.5 percentage points on lower aircraft orders.
|
|
The Commerce Department says durable goods orders fell 0.7 percent in April after rising 2.3 percent in March.
|
|
Then we had durable goods falling 0.7 percent, and core capital goods orders showed no growth at all.
|
|
Durable goods fell 5.1 percent in December, far more than expectations for a less-than 1 percent decline.
|
|
Durable goods fell 453 percent in December, far more than expectations for a less-than 1 percent decline.
|
|
Specifically, he pointed to a disappointing first-quarter gross domestic product figure, durable goods growth and nonfarm payrolls.
|
|
U.S. durable goods rose 4.5 percent in August, rebounding from a revised 1.2 percent drop the month before.
|
|
In economic news, durable goods orders rose 1.7 percent in February, above the expected increase of 1.2 percent.
|
|
The index complements the U.S. Commerce Department's durable goods orders report, which it precedes by a few days.
|
|
Lower rates mean it's cheaper to finance investments in home renovations, business equipment, and other expensive durable goods.
|
|
Over all, durable goods orders are expected have risen by 1 percent, driven by strong orders for aircraft.
|
|
Government reports today: U.S. durable goods orders for October, and jobless claims, both released at 8:30 a.m.
|
|
U.S. durable goods orders jumped 2.2 percent Wednesday, compared with an expected 1 percent increase forecast by economists.
|
|
Consumer prices were led lower by housing costs, durable goods, foods and non-alcoholic beverages, apparel and footwear.
|
|
The Commerce Department's seasonally adjusted data on durable goods orders for July is expected at 8:30 a.m.
|
|
The updated projection encompassed the durable goods data and last Friday's better-than-expected new home sales report.
|
|
The manufacturing industry added 36,000 jobs in June, with durable goods accounting for nearly all of the increase.
|
|
The manufacturing sector's capacity utilization rate fell to 78.2% from 79.1% on a decline in durable goods output.
|
|
Spending on durable goods and investments remained "extremely strong," he added, a sign of a consistent upward trend.
|
|
Mark Scott ECONOMY The Commerce Department will release data on Monday morning for durable goods orders in January.
|
|
October's durable goods report showed a surprise gain in business investment when economists had expected to see contraction.
|
|
Orders for durable goods — products designed to last at least three years — weakened in second half of 2018.
|
|
Read More Market reacts to sharp decline in durable goods orders "The manufacturing sector may not yet be officially in recession, but that is beginning to feel like merely an academic distinction when durable goods orders have fallen in four out of the past five months," Wells Fargo economists write.
|
|
A 21.9 percent drop in demand for civilian aircraft helped keep overall orders for durable goods flat in August.
|
|
Durable goods and personal income figures for November are both scheduled to be released at around 8:30 a.m.
|
|
On the data front, domestic durable goods orders fell 3.7 percent in January, more than what analysts had forecast.
|
|
Separately, we'll get manufacturing data from the Eurozone, as well as U.S. durable goods and new home sales data.
|
|
ET, with the government issuing both the weekly report on initial jobless claims and the September durable goods numbers.
|
|
Nobody cares about durable goods, or any other piece of data, these days – apart from jobless data, of course.
|
|
That soaring private consumption demand will have to be met by increasingly sophisticated consumer durable and non-durable goods.
|
|
Thursday data includes March durable goods orders, weekly jobless claims and advanced economic indicators, all at 211:2500 a.m.
|
|
On the data front, durable goods orders rose 1.7 percent in February, above the expected increase of 1.2 percent.
|
|
Durable goods orders were revised slightly lower show a rise of 4.7 percent, versus the prior 4.9 percent increase.
|
|
Overall durable goods orders also rose 0.4 percent while economists polled by Refinitiv expected a decline of 0.5 percent.
|
|
Data on durable goods, service-sector sentiment and trade will help illuminate the economic picture as it currently stands.
|
|
Investors appeared to brush off U.S. data on durable goods orders, personal spending, new home sales and consumer sentiment.
|
|
Stephanie Strom ECONOMY On Thursday, the Commerce Department will release the latest data on durable goods orders in April.
|
|
In economic news, durable goods orders rose 2.2 percent in September, more than the expected increase of 1 percent.
|
|
The agency said in a statement that it would also publish the durable goods report for December on Feb.
|
|
Hiroko Tabuchi ECONOMY On Thursday, the Commerce Department will release the latest data on durable goods orders in July.
|
|
He specifically noted that about 4,000 jobs were lost in both durable goods manufacturing and truck transportation in September.
|
|
Much of last month's gains — as well as the yearly uptick — came from durable goods manufacturing, the department said.
|
|
ON THE AGENDA | The Commerce Department will publish data on durable goods orders for February at 8:30 a.m.
|
|
On the data front, durable goods orders fell 1.1 percent in May, more than the expected 0.6 percent decline.
|
|
U.S. Treasury yields climbed to months-high peaks, boosted by strong U.S. durable goods and new home sales data.
|
|
The Commerce Department said Thursday that orders for durable goods slipped 0.2% last month after climbing 2.13% in December.
|
|
"The biggest durable goods [are] airplanes, and the biggest airplane — in terms of sales — Boeing's 737 Max," Cramer said.
|
|
Durable goods beat expectations, with core capital goods orders up 1.2% in October, while some economists expected a decline.
|
|
Declines in retail sales, home sales, durable goods orders and industrial production appear to have weighed on the economy.
|
|
A weaker-than-expected U.S. durable goods report for November pushed yields a little lower early in the session.
|
|
Durable goods, another key piece of economic data out on Monday, reported an orders increase of 0.1% last month.
|
|
August PCE inflation data, durable goods data and personal income and spending details will post at 8:30 a.m.
|
|
We'll get a slew of economic data on Friday including durable goods, personal income, consumer spending and consumer sentiment.
|
|
That always leads to declining sales of consumer durable goods and a depressive impact on three-quarters of the economy.
|
|
U.S. data on Thursday were generally positive with durable goods orders rising by the most in 10 months in January.
|
|
Manufacturing is also expanding, adding 32,000 jobs in December, the bulk of which — 19,000 jobs — was in durable goods production.
|
|
We know there's discussion about durable goods stimulus in in-country that we think will, you know -- apply to autos.
|
|
It is designed to complement the U.S. Commerce Department's durable goods orders report, which it precedes by a few days.
|
|
The coming week is light on data though there are PMI manufacturing data Thursday and durable goods data on Friday.
|
|
Meanwhile, the Commerce Department said U.S. durable goods increased 4.8 percent in October, well above a 1.5 percent consensus estimate.
|
|
On Wednesday, the dollar index extended gains following the strong durable goods data, trading around levels not seen since 247.96.
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The rise in durable goods orders last month was led by an 8.9 percent jump in bookings for transportation equipment.
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On the data front, jobless claims came in at 0.923,000, slightly above expectations, while durable goods orders for October surged.
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Another report showed durable goods rose 4.5 percent in August, rebounding from a revised 1.2 percent drop the month before.
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Manufacturing plants that long produced non-durable goods were also a magnet for low-skilled, undocumented migrants, overwhelmingly from Mexico.
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At a 3.8 percent job openings rate, durable goods manufacturing saw more job postings during the month, the report said.
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I'm looking at the last two months of durable goods, the nondefense core CapEx, excluding aircraft, it's starting to boom.
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The durable goods report follows last week's late release of December retail sales, which showed a decline of 1.2 percent.
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U.S. stocks treaded water despite a better-than-expected durable goods report, as a slip in energy prices capped gains.
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U.S. TREASURY YIELDS HOLD AT LOWER LEVELS AFTER U.S. FEB DURABLE GOODS DATA, 10-YEAR YIELD LAST AT 2.476 PCT
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Durable goods — such as cars and luxury items — were most affected by the decline in consumer sentiment, the survey found.
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Thursday's durable goods also came in below expectations, and so did Friday's first quarter GDP, even after economists chopped forecasts.
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There's a brisk calendar of economic data, including existing home sales Monday, durable goods Thursday and first-quarter GDP Friday.
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Despite February's drop in durable goods orders, there are signs the downward spiral in manufacturing is drawing to an end.
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The rise in durable goods orders last month was led by an 8.9 percent jump in bookings for transportation equipment.
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Job openings in the durable goods manufacturing industries decreased 22.1,000, and dropped 28,000 in the arts, entertainment and recreation sector.
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Another report showed durable goods rose 20.7 percent in August, rebounding from a revised 1.2 percent drop the month before.
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The core durable goods category, which excludes the volatile transportation sector, is expected to show a rise of 0.2 percent.
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Both the truck-transportation and durable-goods-manufacturing sectors lost jobs in September, even as the economy added jobs overall.
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Another report showed durable goods rose 21.3080 percent in August, rebounding from a revised 20.7 percent drop the month before.
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The athletic wear company did report a In economic news, durable goods orders showed a 1.7 percent increase in August.
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But the destination shopping provided by the mall's durable goods retail provides the fundamental rationale for the food court's existence.
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Production of consumer, durable, semi-durable and non-durable goods all rose on the month and the year, IBGE said.
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The Commerce Department will also release data on orders of durable goods, which include everything from washing machines to airplanes.
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Data for January was revised up to show durable goods orders gaining 0.1% instead of slipping 0.2% as previously reported.
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Data on durable goods orders, an indicator to which the Fed pays close attention, is slated for release on Friday.
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Demand from shoppers for durable goods like automobiles, appliances and furniture contributed more than a full percentage point to growth.
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It recorded a 2.9 percent rise, in a sign of managers' confidence that consumers will spend more on durable goods.
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ET. The PCE Price Index, a measure of inflation, and durable goods orders for October post at the same time.
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There is little data in the coming week, with just home sales data Wednesday and Thursday and durable goods Friday.
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Core demand for durable goods, which excludes the volatile aircraft category, is thought to have risen by 0.5 percentage point.
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The drop in durable goods orders was the biggest since August 2014 and followed a 6.4 percent increase in June.
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Besides the Fed, there are a few economic reports, including existing home sales Wednesday morning and durable goods on Friday.
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Orders for durable goods rose 4.9 percent in January, beating the 2.5 percent estimated, as demand picked up across the board.
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ET. Economists expect durable goods orders for November to post a 1.3 percent increase after a 4.3 percent decline in October.
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The economic calendar looks like this: Monday: Durable goods Wednesday: The ADP count on private company payroll growth; productivity, wholesale trade.
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Meanwhile, Ecovative is an example of a company that turns food waste into durable goods, such as high-grade faux leather.
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On the data front, durable goods for September and the latest weekly jobless claims will be released at 8:30 a.m.
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He said he would be examining trends in worker productivity and compensation as well as business investment and durable goods prices.
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The Goldman economists said Thursday's durable goods report could also impact their tracking of GDP, which will be reported Friday morning.
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We get the durable goods orders report this morning and a flurry of Fed speakers throughout the day, including Janet Yellen.
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Our live blog tracked market reaction as jobless claims and durable goods data in the U.S. offered better than expected results.
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The manufacturing industry saw its capacity utilization rise to 84.2 percent, driven by an increase in sectors that create durable goods.
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Together the durable goods and retail sales reported amounted to as much as an 0.8 percentage point decline in GDP forecasts.
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Yesterday, trade and inventories led to a drop in estimates and today's durable goods report will drag it down even further.
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Spending on durable goods fell an annual 2.2 percent in February versus a 0.8 percent annual decline in the previous month.
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Durable goods for January is reported Wednesday, and economists are watching to see what happened to business spending in that report.
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Meanwhile, spending on manufactured goods rose 0.8 percent, lifted in particular by durable goods such as new car purchases, added INSEE.
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The Commerce Department says orders for durable goods rose 1.7 percent in February and an upwardly revised 2.3 percent in January.
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The Commerce Department said durable goods orders fell 4.4 percent last month, following a downwardly revised 0.1 percent dip in September.
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There are some key economic reports including advanced trade data Thursday, and Friday's update on first quarter GDP and durable goods.
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The Commerce Department said non-defense durable goods orders posted their largest increase in six months in January, rising 0.8 percent.
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ET is likely to show overall orders for durable goods fell 1.4 percent in April, after rising 2.6 percent in March.
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Consumption surged by 7.4% at an annualised pace in April, driven by spending on durable goods—often a useful economic bellwether.
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Economists expect overall durable goods orders to have dropped by 1.4 percent last month, reversing the 4.4 percent gain in July.
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Sales of durable goods such as televisions grew 0.8 percent in May, slowing from the 4.4 percent annual rise in April.
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Overall durable goods shipments fell 1.6% in April, the most since December 2015, with civilian aircraft shipments tumbling 16.0% last month.
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The headline number, which includes the volatile transportation category, could drop, but core durable goods orders are expected to rise modestly.
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In June, orders for core durable goods were up 0.4 percent, and a generally strong industrial economy should provide additional tailwinds.
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More significant will be core demand for durable goods like automobiles and appliances, which is expected to rise by 0.3 percent.
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Demand for core durable goods like appliances is expected to have held up better, showing a slight rise of 0.6 percent.
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Or the Federal Reserve and other central banks could cut interest rates to improve confidence and boost spending on durable goods.
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Economists believe not all of the 290 aircraft ordered in December were reflected in the durable goods orders report for that month.
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Orders for all durable goods slipped 0.4 percent, mostly because of a sharp fall in demand for defense aircraft, a volatile category.
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The Commerce Department said spending on new motor vehicles was the leading contributor to the drop in the so-called durable goods.
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Retail sales under the category of "unclassified durable goods" jumped in the double digits each time Apple rolled out a new model.
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The definition of durable goods is items with a life expectancy of three years or more, such as automobiles, furniture and machinery.
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Also, U.S. factory orders rose 1.2 percent month-on-month and durable goods orders climbed 2 percent, both beating the market consensus.
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Economists polled by Reuters had forecast durable goods orders rising 0.5 percent last month and core capital goods orders increasing 0.4 percent.
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Durable goods data for March was the first out of the gates Tuesday morning, showing a 0.8 percent rise, well below expectations.
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Ahead of Janet Yellen's Friday Jackson Hole speech, Fed-watchers look to this morning's durable goods and jobless claims for economic clues.
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The forecast had been 1.5 percent but was ratcheted down after Thursday's December durable goods report showed a decline in capital expenditures.
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Spending on durable goods, which includes long-lasting items like cars and furniture, was particularly strong, growing at a 12.9% annualized rate.
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Boeing is a crucial supplier of durable goods and a large contributor to America's GDP, the broadest measure of the US economy.
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Later on Wednesday, focus will turn to U.S. durable goods orders, as well as the minutes of the Fed's November policy meeting.
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U.S. data on new home sales, durable goods orders, consumer sentiment and first-quarter GDP are set to be released this week.
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Spot gold hit a four-week low, pressured by upbeat U.S. durable goods orders data in the run-up to Yellen's speech.
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All major spending components showed solid gains in April, led by a 2.3 percent surge in spending on durable goods like autos.
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Bond investors will also scrutinize a fresh group of economic data, with both jobless claims and durable goods reports out Thursday morning.
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Manufacturing output in April rose by 0.4 percent after two consecutive monthly decreases, pushed higher by growth in non-durable goods manufacturing.
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Despite economists' worries about the direction of overall economic growth, consumer spending has been fairly robust, especially for durable goods like automobiles.
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Business investment has been weak, which has depressed durable goods demand, although the manufacturing sector has been showing signs of life lately.
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A stronger-than-expected reading on durable goods orders also pulled Treasury yields higher as it suggested inflation may be picking up.
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Core durable goods orders are thought to have been flat last month, reflecting steady consumer demand for products including appliances and automobiles.
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Orders for durable goods fell 2750 percent in February, after a 0003 percent increase in January, the Commerce Department said on Thursday.
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The market will also monitor some economic data, like existing home sales Wednesday, and durable goods and personal income and spending Friday.
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According to the Census, durable goods orders increased by 0.8%, in-line with last week's preliminary data from the Department of Commerce.
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Monthly durable goods orders were boosted by a 20093% rebound in orders for transportation equipment, which followed a 0.9% decline in January.
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Monthly durable goods orders were boosted by a 20093% rebound in orders for transportation equipment, which followed a 0.9% decline in January.
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Overall orders for durable goods, which are meant to last at least three years, have risen in four the last five months.
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For one, several different kinds of durable goods have reached the end of their life cycles, said Professor Ueda of Waseda University.
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Durable goods orders were held down by a 2.2% drop in orders for transportation equipment, which followed an 8.8% jump in December.
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This week, the government also reported positive figures on orders for durable goods in June and a slightly more favorable trade balance.
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Wednesday brings durable goods orders as well as pending home sales, while Thursday will see the second look at second-quarter GDP.
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U.S. Treasury yields, pushed up on Wednesday by stronger-than-expected durable goods data, extended their rises into European trade on Thursday.
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Durable goods orders looked less rosy, dropping 1% in August and undercutting expectations, reflecting a weakened manufacturing sector in the United States.
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Manufactured durable goods shipments decreased for the third time in four months in November, and shipments fell after two months of increases.
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Unfilled durable goods orders fell 0.5 percent, the most since June 2016, pointing to continued weakness in manufacturing in the months ahead.
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The Commerce Department said Wednesday that orders for durable goods dropped 4.4 percent last month, the third decline in the past fourth months.
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Regularly scheduled durable goods will not be available, but there will be existing home sales Tuesday and jobless claims on Thursday, among others.
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It will follow with data on international trade and durable goods orders on Wednesday, and its 2018 survey of public pensions on Thursday.
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The decline in durable goods orders for September was another reminder of how difficult conditions have been this year for the manufacturing sector.
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The Commerce Department said Thursday that orders for durable goods dropped 1.53% in September, the biggest setback since a 21.5% decline in May.
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Excluding the volatile transportation sector, durable goods orders would still have declined 0.3% in September after a 0.3% increase excluding transportation in August.
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Economists polled by Reuters had forecast durable goods orders advancing 1.8 percent last month and orders for manufactured capital goods increasing 0.8 percent.
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DATA AHEAD (GMT) * 0645 France Consumer Confidence July * 1230 US Durable Goods May (Reporting by Brijesh Patel in Bengaluru; editing by Richard Pullin)
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The main U.S. economic data due was durable goods orders for June, which fell 4 percent, more than the 42.36 percent drop expected.
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As for the bond market, strategists said while durable goods and the rising dollar were a factor, they also pointed to developments Europe.
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The pre-Thanksgiving session brings a bounty of economic reports, including weekly jobless claims data and October durable goods at 8:30 a.m.
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The economic calendar is light in the week ahead, though there are durable goods on Friday and housing data on Wednesday and Thursday.
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Durable goods data later in U.S. time, and a speech by Federal Reserve chief Janet Yellen on Friday, may offer some more direction.
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Output of durable goods, such as cars or refrigerators, went down by 0.4 percent in January, after a 3 percent surge in December.
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Earlier, futures came well off session highs, with Dow futures briefly turning negative after December durable goods orders declined far more than expected.
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On Thursday, the Commerce Department reported that durable goods orders fell 5.1 percent in December, badly missing expectations of a 0.6 percent drop.
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Separately, the orders for durable goods, due to be released on Thursday, is likely to have dropped 21400 percent in February from January.
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Traders will be watching durable goods orders and jobless claims Thursday, while they continue to seek clarity on the Fed's rate hiking plans.
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The other big news will be durable goods and pending home sales numbers on Thursday, though neither is usually a big market mover.
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Those beggar-thy-neighbor strategies have pushed U.S. manufacturing into recession—employment in export-focused durable goods manufacturing is down 22019,000 since June.
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As business conditions worsened, anxious consumers would defer planned spending on holidays and big-ticket durable goods until their job prospects were clearer.
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Bond prices briefly pared losses after data showed U.S. durable goods fell 1.3 percent in May, adding to concerns about the slowing economy.
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Economists polled by Reuters had forecast durable goods orders falling 2.9 percent last month and orders for core capital goods slipping 0.1 percent.
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Orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, accelerated 1.2% last month.
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New home sales could continue the string of positive news in housing, when they are released Monday, and there are durable goods Tuesday.
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February durable goods orders popped 2.43 percent, well ahead of the 1.7 percent consensus estimate and good for the fastest pace since June.
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U.S. stock indexes were also buoyed by robust data on durable goods orders that pointed to a recovery in the struggling manufacturing sector.
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The June durable goods orders showed a surprise jump of 6.5 percent from the month earlier, the best pace in almost three years.
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Durable goods orders increased 28% in July but shipments of core capital goods fell 230% last month, the biggest drop since October 28.
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U.S. Commerce Department on Wednesday is expected to report that durable goods orders fell 1 percent in May after declining 1.6 percent in April.
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On the macro front, a U.S. Commerce Department report is likely to show April durable goods declined 2%, after a 2.6% rise in March.
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Durable goods orders tumbled 2.2 percent in the month, steeper than the 0.5 percent drop expected and following a revised 3.3 percent in April.
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Fed watching should continue Thursday, as traders digest durable goods and jobless claims data ahead of Friday's Jackson Hole speech by the Fed chair.
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Economic data showed durable goods orders rose more than-expected in June, while weekly jobless claims rebounded from a three-month low last week.
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Construction continued to show gains with 3.23,000, while new hires in manufacturing increased by 18,000 thanks to a gain in durable goods-related industries.
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Trade data and durable goods reports were released Thursday morning, as was the final reading on second quarter GDP, which grew by 22016 percent.
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In the April durable goods report, total orders at manufacturers declined 2.1% last month, due to large declines of aircraft and motor vehicle orders.
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Much of the January data was delayed due to the government shutdown and some December reports, like Thursday's durable goods, have just become available.
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December's disappointing durable goods data showed slower business spending, so analysts are watching closely to see whether there was any improvement in consumer spending.
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ET, the Commerce Department releases its shutdown-delayed report on January durable goods orders, and Labor is out with its February producer price index.
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Markets also await comments from other Fed officials this week, as well as data on new home sales, durable goods orders and consumer sentiment.
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There's also a batch of U.S. economic reports, including durable goods and trade, and some big retail earnings, including Home Depot, Target and Lowe's.
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Second, sectors like education, housing, autos, and other durable goods would likely see dramatically reduced activity in the event of moderately higher rates. Why?
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The drop in durable goods orders last month bucks recent data that have suggested the downward spiral in manufacturing was close to an end.
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After durable goods orders made a big jump in January, economists believed they would show a 3.3 percent drop for the month of February.
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Instead, the Chinese government's ongoing efforts to reduce risk in the domestic banking system appear to have greatly slowed investment and durable goods consumption.
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In the previous cycle, employment in durable-goods manufacturing peaked in June 2006, about a year and a half before the onset of recession.
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So far, the slowdown has been concentrated in manufacturing, driven by a sharp retrenchment in business investment plans and spending on other durable goods.
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Economists polled by Reuters had forecast durable goods orders rebounding only 2.5 percent in January after a previously reported 5.0 percent decline in December.
|
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So far, the slowdown has been concentrated in manufacturing, driven by a sharp retrenchment in business investment plans and spending on other durable goods.
|
|
The headline figure is expected to show a drop in overall durable goods orders, led by a decline in volatile aircraft and defense orders.
|
|
Manufacturing increased by 3.13,23.1 thanks to gains in durable goods-related businesses like transportation and machinery, bringing the 24.6-month total gain to 24.5,000.
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Durable goods will also be important on Friday, as will personal consumption data, which includes the Fed's preferred inflation indicator, the core PCE deflator.
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Other indicators, such as consumer sentiment and durable goods orders, have been dragged down in recent months, in part because of ongoing trade tensions. 4.
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The sector, a priority for President Donald Trump, has added 288,000 over the past 12 months largely in durable goods like washing machines and furniture.
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It lowered its projection on gross domestic product in the second quarter after data that showed declines in new home sales and durable goods orders.
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But they are seeking confirmation for this optimism in next week's data, which includes retail sales, manufacturing activity, durable goods orders and non-farm payrolls.
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Durable goods and the second revision to first-quarter GDP are all due later in the week, in addition to several speeches from Fed policymakers.
|
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The dollar was flat at 111.61 yen, after shedding 0.5 percent overnight, but was buoyed elsewhere by a solid report on U.S. durable goods orders.
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The dollar was flat at 237 yen, after shedding 264.84 percent overnight, but was buoyed elsewhere by a solid report on U.S. durable goods orders.
|
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, increased 0.4 percent in January.
|
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The durable goods report added to recent reports on retail sales, trade and industrial production in suggesting economic growth slowed further in the first quarter.
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Retail sales, even things like CapEx, durable goods, we can walk through that if you want, wages, and salaries and jobs, we're in terrific shape.
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The major economic data due is the non-manufacturing services report for December, but there will also be November's trade report and durable goods orders.
|
|
The Kiwi dollar got bundled down 21 percent in the fallout and the U.S. dollar went back in the red after the durable goods miss.
|
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, increased 1.2 percent in December.
|
|
The biggest data point for the week comes Friday with durable goods orders, which measure demand for things like appliances and other long-lasting items.
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The Commerce Department's Thursday announcement that durable goods orders declined in December did not help to calm fears of a slowdown in the U.S. economy.
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The country will survive an arbitrary, pointless increase in the price of consumer durable goods, but it's still a stupid way to run the country.
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DATA AHEAD (GMT) 0330 Australia RBA Cash Rate (April) 1230 U.S. Durable Goods (Feb) (Reporting by K. Sathya Narayanan in Bengaluru; editing by Richard Pullin)
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, tumbled 1.6 percent in February.
|
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That marked the fastest decline since April 2013 due to lower prices for gasoline and slowing gains in prices for durable goods and overseas travel.
|
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The manufacturing industry added 18,000 jobs in May, with durable goods accounting for most of the change, including an increase of 6,000 jobs in machinery.
|
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Manufacturing employment has risen by 259,000 over the year, according to the Labor Department, with about three-fourths of the growth in durable goods industries.
|
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, dropped 1.7 percent in April.
|
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Other indicators, such as consumer sentiment and durable goods orders, have been dragged down in recent months, in part because of ongoing trade tensions. 2500.
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"The most significant thing was the durable goods orders; those came in much better than expected," said Sireen Harajli, currency strategist at Mizuho Corporate Bank.
|
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One saving grace for Korea in the first quarter came private consumption, which grew 0.1 percent due to a rise in demand for durable goods.
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If you accept that the use of robotics in manufacturing has allowed the cost of durable goods to be cheaper, like how car's are cheaper.
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"The most significant thing was the durable goods orders, those came in much better than expected," said Sireen Harajli, currency strategist at Mizuho Corporate Bank.
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ET, with the release of 2017's first look at fourth-quarter GDP and December durable goods orders, which is expected to post an increase.
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The dollar had firmed slightly in the overnight session on the back of better-than-expected U.S. durable goods orders for the month of June.
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Data showed spending on items such as durable goods, including air conditioners, remained weak, but picked up on items such as foods and personal computers.
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After completion, a family moves in and fills it with durable goods – appliances, furniture, autos – all of which requires factories to turn the lights on.
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Other economic data, including jobless claims for the week ended November 23 and durable goods order for October, also looked better-than-expected on Wednesday.
|
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Economists estimate that durable goods orders rose by 2.9 percent last month, after a sharp drop in November on weakness in the volatile aircraft sector.
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The Commerce Department said earlier Friday durable goods orders grew 1.7 percent last month, above the 1.2 percent increase forecast of analysts polled by Reuters.
|
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The utilization rate in the manufacturing sector increased to 86.1 percent, its highest level since the fourth quarter of 2000 as durable goods manufacturing rose.
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The slowing growth in durable goods underscores the problems the manufacturing sector is having in the face of a global slowdown and trade war uncertainty.
|
|
Besides earnings, there are also some key economic reports Thursday, including durable goods, advanced economic indicators and weekly jobless claims, all at 8:30 a.m.
|
|
It's a short working week in the U.S., with Thanksgiving on Thursday, but data on Wednesday will likely show reduced spending on durable goods in October.
|
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The Commerce Department says demand for durable goods edged up a slight 0.8 percent in September, a sharp slowdown from a 4.6 percent jump in August.
|
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Durable goods inventories rose 0.9 percent, helped by a 1.1 percent increase in stocks of machinery, the biggest rise in nearly three-and-a-half years.
|
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Profit-taking on the greenback occurred even in the wake of surprisingly strong data on durable goods orders and new home sales in September, analysts said.
|
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To make matters worse, one of the largest corporations relevant to the durable goods portion of the manufacturing sector has been hamstrung virtually the entire year.
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But that does not mean that it should be ignored, because changes in the housing demand have a strong influence on purchases of consumer durable goods.
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Durable goods data will be important, especially since it is the final piece of input into third-quarter GDP before that report is released Friday morning.
|
|
The rise in durable goods orders last month was led by a65.7 percent jump in defense aircraft orders, which lifted bookings for transportation equipment 2.9 percent.
|
|
U.S. durable goods orders rebounded in October and jobless claims, though off a 2229.00-year low, remained below a level consistent with a tightening labour market.
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He said shoppers will continue to purchase durable goods such as washing machines or other appliances, but they might think twice before going out for leisure.
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Economists surveyed by CNBC/Moody's Analytics Rapid Update earlier Thursday had a mean expectation for fourth quarter growth of 2 percent, following the durable goods report.
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And economic data appear to be lending additional credence to their concerns, given weak manufacturing activity in January and markedly slow durable goods orders in December.
|
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The Commerce Department said Wednesday that orders for durable goods rose 0.4 percent in January, led by a 15.9 percent rise in orders for commercial aircraft.
|
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Copper prices are up solidly from mid-January lows and rallying higher on better-than-expected U.S. economic data such as GDP and durable goods orders.
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WASHINGTON — Consumer spending surged in April, led by a big jump in purchases of autos and other durable goods, while home prices kept climbing in March.
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The durable goods report added to recent reports on retail sales, trade and industrial production in suggesting that economic growth slowed further in the first quarter.
|
|
Curtin highlighted a chart showing the connection between how consumers' expect unemployment to change and the current yearly per capita change for spending on durable goods.
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Durable goods: Cramer hopes that data from the U.S. Census Bureau detailing manufacturers' orders for long-lasting consumer products will reinforce the strength of the economy.
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The price of non-durable goods also increased at a more moderate pace, climbing by 3.8 percent from August 2017 compared with 4.4 percent in July.
|
|
This week, Goldman Sachs revised down its second-quarter GDP tracking estimate by two-tenths to 21 percent following a weaker-than-expected durable goods report.
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On Monday morning, the durable goods number showed that U.S. factory orders fell by 1.1 percent in May, for the second straight month-on-month decline.
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Economists are predicting that durable goods demand will be up by 0.7 percentage point, with much of that gain resulting from a jump in aircraft orders.
|
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Consumption is more likely to capture the effects of saving and dissaving, the ownership of durable goods such as houses and cars, and access to credit.
|
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But more recent data show the three-month annualized change in durable goods orders — a proxy for investment spending — running at over a 24-percent pace.
|
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In a sign that industry managers were optimistic about consumers' long-term purchasing plans, the output of durable goods, like refrigerators and cars, grew by 2.3%.
|
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U.S. stocks were higher Monday morning after the Commerce Department said durable goods orders fell 1.1 percent in May, more than the expected 0.6 percent drop.
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And a look at the upcoming economic calendar: Monthly core durable goods and weekly crude numbers are out in the US. New Zealand announces rate decisions.
|
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Powell also could give a nod to the manufacturing slowdown; the headline durable goods orders for December were better than expected, but masked weak underlying fundamentals.
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About one-third of the durable goods that Americans buy are imported, and that number trends higher for those in the low- and middle-income brackets.
|
|
While the G.D.P. number covers January, February and March, new data on durable goods sales for April will count toward growth in the current second quarter.
|
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The Commerce Department says orders for durable goods — which are meant to last at least three years — rose 0.6% in October after dropping 1.4% in September.
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Retail sales, durable goods, new home sales, industrial production and consumer confidence highlight a long list of economic reports coming in the next five days. 6.
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People would then have no choice but to rush out and try to buy durable goods (cars, home repairs, furniture) as the next-best means of saving.
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The Asian economies most hurt would be Korea, Taiwan, Vietnam and Malaysia because they export durable goods and demand is more sensitive to changes in import prices.
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Why it matters: It's the biggest decline in durable goods orders since July of last year, thanks to a drop in orders of military and commercial jets.
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The Commerce Department said on Tuesday that orders for durable goods increased 0.8 percent last month, below the 1.8 percent rise expected by economists polled by Reuters.
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The dollar, meanwhile, soared against a basket of currencies as robust data on jobs and durable goods orders took its year-to-date gains to 2.2 percent.
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A raft of weak data, including September retail sales, durable goods orders and manufacturing production, have also cast a shadow on the longest economic expansion on record.
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The rise in durable goods orders last month was led by a 65.7 percent jump in defense aircraft orders, which lifted bookings for transportation equipment 2.9 percent.
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They also accounted for age, education, population density, marital status, knowledge about sexual health and the total number of durable goods owned (as a proxy for wealth).
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"Private consumption was supported by pent-up demand of durable goods ahead of the tax hike," said Hiroshi Miyazaki, senior economist at Mitsubishi UFJ Morgan Stanley Securities.
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Durable goods retailer United Electronics (eXtra) fell 2.5 percent, clothing retailer Abdulaziz Alhokair Co lost 2.8 percent and jeweller Ahmed Fitaihi Co slid 3423 percent on Wednesday.
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Eddie Perkin told CNBC's "Halftime Report " that recent data like Friday's nonfarm payrolls and last week's durable goods orders are signs of strength for the U.S. economy.
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Cohen justified her firm's price target of 2,100 by noting that strong jobs data, as well as promising durable goods orders, will continue to drive the economy.
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Hanson said he expects to see a rebound in U.S. first-quarter economic data, including durable goods orders and consumer spending, slated to be released this week.
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The Commerce Department said on Tuesday that orders for durable goods increased 21 percent last month, below the 215 percent rise expected by economists polled by Reuters.
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Also, data from the U.S. Commerce Department is likely to show that durable goods orders rose 3.0 percent in June after it fell 0.8 percent in May.
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The dollar, meanwhile, soared against a basket of currencies as robust data on jobs and durable goods orders took its year-to-date gains to 20163 percent.
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Also helping industrials was a report that showed orders for durable goods increased much more than expected in October on rising demand for machinery and other equipment.
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Other U.S. data out later this week include an ADP employment report on Wednesday, durable goods orders on Thursday and a non-farm jobs report on Friday.
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Shortly before the release of the March durable goods data, the 10-year yield touched a near five-week high of 1.923 percent, according to Reuters data.
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As with the durable goods data out on Monday, economists will watch these figures closely for clues about overall growth in the second quarter, which ends Friday.
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Data on Thursday also showed durable goods orders fell less than estimated in February, while jobless claims data showed the labor market was stronger than previously thought.
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Fed Chairman Jerome Powell speaks Monday night on the economy, and there are some economic reports worth watching, including durable goods and personal income and spending Wednesday.
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Final Sept1230 US Consumption, Adjusted MM Aug1230 US Durable Goods Aug1230 US U Mich Sentiment Final Sept (Reporting by Eileen Soreng in Bengaluru; Editing by Subhranshu Sahu)
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And those cheap durable goods and business investments aren't just pleasant for the people who directly buy them; they also boost output and employment throughout the economy.
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Meanwhile, weekly jobless claims rose to a more than four-month high last week, and durable goods orders fell by the largest amount in 15 months in October.
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Most of the gains occurred in blue-collar durable goods manufacturing, with growth in fabricated metals and computer and electronic products, the Labor Department said in its release.
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Orders for U.S. durable goods, which include items ranging from toasters to aircraft, surged in April on strong demand for transportation equipment and a range of other products.
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Composite and Durable Goods Orders hit, right when the World Bank holds a media briefing on its 2016 Global Economic Prospects report on growth trends in emerging markets.
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U.S. Treasury yields rose to months- and years-long highs, fueled by a stronger-than-expected reading on durable goods orders that suggested inflation may be picking up.
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"Strong durable goods orders in the U.S. helped buoy investors who have viewed Trump's upcoming presidency as a positive for industrial metals demand," ANZ said in a report.
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The economic data calendar is busy with durable goods for August on Wednesday, personal income and spending data Friday, and September consumer confidence and sentiment Wednesday and Friday.
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He has also pledged to take steps to mitigate any impact on the economy from the tax hike through measures such as tax breaks for durable goods purchases.
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Japanese retail sales were effectively flat in February as consumers cut back on food and durable goods after employers offered the lowest spring wage increases in four years.
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The Commerce Department said Thursday that durable goods orders declined 5.1 percent last month, likely also weighed down by a strong dollar, after slipping 0.5 percent in November.
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The Commerce Department said on Tuesday that total orders for durable goods tumbled 1.6 percent in February, led by a 4.8 percent drop in demand for transportation equipment.
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On Friday, the dollar index stood at 20.65, after it fell broadly on Thursday after a plunge in U.S. durable goods orders that pointed to weakening U.S. growth.
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Despite the trade war tensions, one economic indicator showed the US economy remains resilient: Durable goods orders for July climbed 2.1% on the month, much more than expected.
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More generally it wants to restrict single-use products, tackle "premature obsolescence" and ban the destruction of unsold durable goods — in order to make sustainable products the norm.
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Economists had expected a bigger drop in overall orders for durable goods, which are items such as appliances and industrial machinery meant to last at least three years.
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Jobs gains in durable goods accounted for nearly all of the increase with hiring in transportation equipment (13,100 jobs), machinery (5,800 jobs) and fabricated metal products (5,100 jobs).
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U.S. data due at 1230 GMT, including durable goods orders and jobless claims data, could back up this week's relatively optimistic views on the economy from Fed officials.
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The week closes out Friday with the durable goods report, which gauges how much demand there is for items like washing machines, refrigerators and other long-lasting items.
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Should the shutdown extend through January, it also will impact durable goods orders, retail sales and the first reading of fourth-quarter GDP, according to Citigroup economist Andrew Hollenhorst.
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Manufacturing also tuned in a solid 32,000 gain for the month, with the bulk of the growth coming from the 2000,2274 positions added in the key durable goods sector.
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For instance, durable goods orders for October fell an unexpected 4.4 percent, due in part to a reversal in transportation equipment which had strong gains in August and September.
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"As the earliest reliable indicator of durable goods consumption, today's sales results bode well for real July consumption growth," said Jesse Hurwitz, an economist at Barclays in New York.
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Profit-taking on the greenback emerged as the dollar staged bounces following releases of surprisingly strong data on durable goods orders and new home sales in September, analysts said.
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The 1.1% decline in orders for durable goods, items expected to last at least three years, reflected weakness in a number of areas led by transportation, which dropped 2.7%.
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"We are not seeing a pickup in durable goods purchases, which suggests consumers are tightening the purse strings," said Hiroshi Miyazaki, senior economist at Mitsubishi UFJ Morgan Stanley Securities.
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Confidence has a major impact on growth because it influences the timing of major purchases especially housing and durable goods ( "Consumer expectations: micro foundations and macro impact", Curtin, 2019).
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"In China's key industrial sectors – construction, autos, and durable goods – demand for copper makes up around 50% of total consumption," wrote Daniel Hynes, senior commodity strategist at ANZ Research.
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There are also a few economic reports, including Monday's Markit PMIs for the U.S., Japan and Europe, and U.S. advanced international trade data Wednesday and U.S. durable goods Thursday.
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The Commerce Department said on Thursday that durable goods orders declined 5.1 percent last month, likely also weighed down by a strong dollar, after slipping 0.5 percent in November.
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Data on Thursday showed that while orders for U.S. durable goods surged in April, business spending plans continued to show weakness, suggesting the manufacturing rout was far from over.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, increased 2503 percent after surging 2250 percent in February.
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Unfilled durable goods orders edged up 0.1 percent in January after falling 0.5 percent the prior month, while inventories slipped 0.1 percent following a 0.2 percent gain in December.
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TOKYO (Reuters) - Japanese retail sales rose less than expected in May because of slower sales of durable goods and clothes, falling substantially on April's annual increase as demand ebbed.
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Read MoreChances of OPEC, Russia oil deal slim to none Dow futures briefly turned negative in pre-market trade after December durable goods orders declined far more than expected.
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January's delayed retail sales report, durable goods and February's CPI inflation data all take on added significance, particularly since there has been a mixed stream of economic data lately.
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Citigroup this week warned of escalating risks for a global recession, though data Thursday on durable goods orders suggested the manufacturing sector may be shaking off a contraction phase.
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"I expect consumer spending to rise further, but the gains will be very moderate given low demand for durable goods," said Hidenobu Tokuda, senior economist at Mizuho Research Institute.
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The well-below-expectation reading in durable goods orders, which plunged 5.1 percent last month, raised the prospects of a weaker U.S. gross domestic product reading, due on Friday.
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We had good data on Wednesday (durable goods, producer prices,) and that may help bulls to argue that earnings may not turn negative for the first and second quarter.
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Orders for durable goods, items such as autos and airplanes designed to last at least three years, rose 1.8 percent in February after a 2.4 percent gain in January.
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Data on Thursday showed durable goods orders fell less than estimated in February, while better-than-expected jobless claims data showed the labor market was stronger than previously thought.
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Data showed that while orders for U.S. durable goods surged in April, business spending plans continued to show signs of weakness, suggesting the manufacturing rout was far from over.
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Spot gold hit a four-week low, pressured by upbeat U.S. durable goods orders data in the run-up to Yellen's speech, but some losses for gold were pared.
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Orders for durable goods, including items ranging from household appliances to aircraft parts, shot up 2.2 percent last month amid a 5.1 percent rise in demand for transportation equipment.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, accelerated 1.2% last month after gaining 0.1% in January.
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The positive notes, however, a 1.2% rise in output of durable goods, such as televisions and cars, and a 1.8% increase in output of capital goods, such as machinery.
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Orders of durable goods in the United States, which include commercial airplanes, were down 21.7 percent in May, the third drop in four months, according to the Census Bureau.
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Excluding that category, durable goods orders are thought to have risen by 0.5 percentage point in December, with businesses modestly more optimistic now than they were before the election.
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Coming this week:Wednesday — US durable goods reportThursday — Dollar General (DG) earnings; New US home sales report; Tesla holds Model Y eventFriday — US industrial production and US consumer confidence report
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Analysts see core consumer inflation moving sideways for the time being with a slowdown in price gains in electricity and household durable goods offsetting rises in the cost of fuel.
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Data on Thursday also showed durable goods orders fell less than estimated in February, while better-than-expected jobless claims data showed the labor market was stronger than previously thought.
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The materials group, which includes precious and base metals miners and fertilizer companies, added 25.1 percent, led by gold stocks after weaker-than-expected U.S. durable goods data supported gold.
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Canada's annual inflation rate held steady in July at 2% as lower costs for services were offset by higher prices for durable goods, beating estimates for a 1.7% inflation rate.
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The Commerce Department says U.S. orders for durable goods — manufactured items from washing machines to battleships that are meant to last at least three years — fell 1.7 percent from March.
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Manufacturing workers have seen their weekly paycheck rise by 3.6 percent in the last 12 months; for those in the non-durable-goods sector, weekly wages are up 4.5 percent.
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Inventory data in the durable goods report was also short of expectations, and J.P. Morgan economists now see inventories at only a $31 billion annual rate in the fourth quarter.
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Economists are concerned about an industrial or manufacturing recession in the country, following some warnings from companies in earnings seasons and recent weak manufacturing activity and durable goods orders data.
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DATA AHEAD (GMT) 1000 Euro zone Industrial production (Jan) 1230 U.S. Durable goods (Jan) 1400 U.S. Construction Spending (Jan) (Reporting by K. Sathya Narayanan in Bengaluru; Editing by Rashmi Aich)
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In those top-risk cities, the middle class spent between 0.6 and 0.8 percent more on housing compared to the national average, and less on luxuries, entertainment and durable goods.
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Economists expect less volatile "core" durable goods to be flat, reflecting weak business investment and continuing softness in the manufacturing sector because of weak demand overseas and the stronger dollar.
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Pointing to continued manufacturing weakness in the near-term, unfilled orders for durable goods fell for a fourth consecutive month in September, while inventories increased for a third straight month.
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However, it said it raised its projection of non-residential equipment investment growth to 8.1 percent from 6.4 percent following the July durable goods orders report released earlier on Friday.
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Multiple gauges of the manufacturing sector will be released along with durable goods orders, a reading on consumer sentiment and the revised gross domestic product report for the first quarter.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or longer, fell 1.1 percent in May, the biggest decline since November.
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The three-year recession has restricted access to credit, driven the number of unemployed Brazilians to about 13 million and severely impacted demand for consumer electronics and other durable goods.
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In economic news, new orders for durable goods unexpectedly dropped in March as demand for machinery registered its biggest decline in more than two years, according to the Commerce Department.
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The expectations have dipped amid fears of lackluster consumer spending and orders for durable goods, and new data on Thursday that showed a larger-than-anticipated trade deficit in April.
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"We expect spending on such as durable goods and luxury products fell after it was boosted ahead of the tax hike," said Koya Miyamae, senior economist at SMBC Nikko Securities.
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Final Sept 1230 US Consumption, Adjusted MM Aug 1230 US Durable Goods Aug 1230 US U Mich Sentiment Final Sept (Reporting by Eileen Soreng in Bengaluru; Editing by Subhranshu Sahu)
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Ultimately, the slowdown is significant for equity markets because newly formed households are an "important source of demand for durable goods and hence the sales growth that underpins corporate earnings."
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On the data front, the Commerce Department is expected to report that overall orders for durable goods likely dipped 0.1% in May, after a 2.1% fall in the prior month.
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Turning to the U.S. data due this afternoon, economists polled by Reuters expect durable goods orders to have risen 0.5 percent in April, less than the 1.3 percent seen in March .
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"The GDP figures along with the strong rebound in retail sales and durable goods orders in March are a testament to the economy's resilience," analysts at Oxford Economics wrote last week.
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An indicator of what's ahead in the third quarter came at the same time Thursday, with U.S. durable goods orders in August jumping 4.5 percent against expectations of just 2 percent.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, dropped 22.4% in May after declining 23.1% in the prior month.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, tumbled 2.1% in April after increasing 1.7% in the prior month.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, tumbled 20153% in April after increasing 1.7% in the prior month.
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The Commerce Department said orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, surged 21970 percent last month, reversing December's 254.2 percent plunge.
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Coming this week:Thursday — Indian election results; Deutsche Bank annual meeting; US new home sales; Best Buy (BBY), Ross Stores (ROST) and HP earningsFriday — US durable goods orders; Foot Locker (FL) earnings
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Stocks posted a strong rally on Monday on solid manufacturing data out of the U.S. and China after taking a hit from weak retail sales and durable goods numbers in March.
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But a 19 percent plunge in orders for transportation equipment weighed on overall durable goods orders, which range from toasters to aircraft and are meant to last three years or more.
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Earlier, a brief 3 percent drop in oil prices weighed on U.S. stocks, which opened higher after a better-than-expected durable goods report but struggled to hold those opening gains.
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U.S. stock index futures held mostly higher after January orders for durable goods jumped 4.9 percent, topping expectations with the largest increase since March and reversing December's revised 21 percent plunge.
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Last month overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, increased 0.7 percent after surging 2.3 percent in February.
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Compounding pressures on the group is the restructuring of its Massdiscounters and Masscash divisions, as well as price deflation in food and durable goods which have squeezed profitability as costs increase.
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Data on Thursday showed durable goods orders fell 5.1 percent in December, widely missing expectations of a 0.6 percent decline, while jobless claims fell more than expected to 7943,000 last week.
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The drop in durable goods orders last month was led by a 27.1 percent plunge in civilian aircraft orders, which contributed to a 6.2 percent drop in bookings for transportation equipment.
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Overall orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, fell 1.2 percent last month as demand for transportation equipment tumbled 4.3 percent.
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Overall orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, rebounded 1.3 percent last month as demand for transportation equipment surged 4.2 percent.
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Also helping sentiment, orders for U.S. durable goods rose more than expected in January as demand picked up across the board, offering a ray of hope for the downtrodden manufacturing sector.
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The line here can get a little bit fuzzy at times since non-bank companies that sell durable goods sometimes run financing subsidiaries that make loans, which seems pretty bank-like.
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Overall orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, fell 0003 percent last month as demand for transportation equipment tumbled 2000 percent.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, dropped 1.3% in May after declining 2.8% in the prior month.
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"The GDP figures – along with the strong rebound in retail sales and durable goods orders in March – are a testament to the economy's resilience," analysts at Oxford Economics wrote last week.
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But overall orders for durable goods dropped, driven by a 28.2% plunge in non-defense aircraft orders, partly due to Boeing's move to cut production of its troubled 6.993 MAX aircraft.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, rose 0.6% in October after falling 1.4% in the prior month.
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German industrial orders fell unexpectedly in October, data showed on Thursday, but U.S. trade, durable goods orders and weekly jobless data are likely to garner greater attention later in the day.
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Overall orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, tumbled 3.7 percent last month as demand for transportation equipment plunged 10.0 percent.
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In January, overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, slipped 0.2% after surging 2.9% in the prior month.
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"We haven't seen ... the front-loading in durable goods purchases that we saw ahead of the last tax hike," he added, in reference to Japan's last sales tax increase in 2014.
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The economy appears to have lost further momentum at the start of the year, with recent data showing retail sales, home sales, durable goods orders and industrial production declining in January.
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Data on Thursday showed durable goods orders fell 5.1 percent in December, widely missing expectations of a 0.6 percent decline, while jobless claims fell more than expected to 9.63,000 last week.
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Overall orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, tumbled 6.8 percent last month as bookings for transportation equipment plunged 19 percent.
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But overall orders for durable goods dropped, driven by a 28.2% plunge in non-defense aircraft orders, partly due to Boeing's move to cut production of its troubled 737 MAX aircraft.
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Overall orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, rebounded 1.7 percent last month as bookings for transportation equipment jumped 4.9 percent.
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ET. There are no major U.S. economic data due out on Monday, with new home sales out on Tuesday and durable goods orders and the Federal Reserve interest-rate decision on Wednesday.
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Spending on electronics, which includes durable goods such as washing machines and refrigerators, rose 4.6 percent year-on-year in February, slower than a 5.2 percent year-on-year increase in January.
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The Commerce Department said Friday that durable goods orders rose 0.8 percent in November, following a sharp fall of 4.3 percent the previous month when orders for commercial and military aircraft plunged.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, shot up 2.7% in March after declining 1.1% in the prior month.
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Turning to the U.S. data due later on Thursday, economists polled by Reuters expect durable goods orders to have risen 0.5 percent in April, less than the 1.3 percent seen in March .
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The Commerce Department said orders for durable goods, items as varied as toasters or aircraft meant to last three years or more, surged 21970 percent last month, reversing December's 4.6 percent plunge.
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The Commerce Department said orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, increased 22015 percent last month after declining 3.1 percent in February.
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Compounding pressures on the group is the restructuring of its Massdiscounters and Masscash divisions, as well as deflation in prices of food and durable goods which have squeezed profitability as costs increase.
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While consumer spending appears to have regained speed in the second quarter, business investment in equipment is expected to have contracted further following Wednesday's weak report on durable goods orders in May.
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"The fallout could be weaker sales of consumer durable goods and furnishings that go into these new homes later on this year," said Chris Rupkey, chief economist at MUFG in New York.
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U.S. data on Thursday added to the bullish outlook on interest rates, with a 1.6 percent rise in U.S. durable goods orders for July and a fall in initial weekly jobless claims.
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Most of the net gains in manufacturing came from durable goods production, the sub-industry that produces goods with a life expectancies of three years or more, like cars, furniture and machinery.
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Adding to the fears is the deteriorating U.S. data including durable goods, Markit PMI and manufacturing survey, but Brown said the data is skewed by the government shutdown and will soon recover.
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The forecast for second-quarter gross private domestic investment swung to growth of 0.4 percent from an estimated 0.3 percent fall following Thursday's durable goods report for April, the Atlanta Fed said.
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The Commerce Department said orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, jumped 3.4 percent in April after increasing 1.9 percent in March.
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The Commerce Department said orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, declined 21.3 percent last month after increasing 21.4 percent in January.
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"We are putting a low weight on this (durable goods orders)report in judging the short-term state of manufacturing activity," said John Ryding, chief economist at RDQ Economics in New York.
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The Commerce Department said orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, increased 0.8 percent last month; they declined 3.1 percent in February.
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The week ahead would have include these three from the Commerce Department: New residential home sales and revised building permits (Friday); Durable goods (Friday) and Gross domestic product by industry (Thursday). 6.
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"That generally has traders confident that the U.S. economy is actually doing OK. That implies that the Fed may be ready to hike the rates," Melek said of U.S. durable goods orders.
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Later on Wednesday, focus will turn to U.S. durable goods orders and minutes from the Fed's November policy meeting, though the latter are not seen as likely to move the dollar much.
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If you look at ... There was a chart I saw a few years ago, that the cost of durable goods compared to any other product has leveled off since the mid-1980s.
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Jobs, incomes and expected business sales are additional variables that determine housing demand, purchases of consumer durable goods (aka big-ticket items), and decisions to expand factory floors and enhance production technologies.
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Euro zone April monthly output increased mostly because of the output of consumer durable goods, such as cars and fridges, which rose 2.3 percent after a 0.8 percent drop the previous month.
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U.S. durable goods orders rose more than expected last month and a fifth straight monthly increase in shipments suggested that business spending on equipment would support economic growth in the second quarter.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, fell 1.7 percent in July as volatile demand for civilian aircraft fell.
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"The sales performance across our major categories is reflective of the spending pattern of a financially constrained consumer who continues to prioritise spending on non-durables over durable goods," the retailer said.
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The Atlanta Fed did not alter its 1.8 percent projection from the day's data, saying the gains in durable goods were offset by a slightly below consensus reading on new home sales.
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While consumer spending appears to have regained speed in the second quarter, business spending on equipment is expected to have contracted further following Wednesday's weak report on durable goods orders in May.
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What it means: We'll still get the jobs report and inflation data like CPI, but economic indicators including the government's retail sales report, GDP and durable goods will all stop during the shutdown.
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Trade and a slump in economic data, ranging from falling durable goods and capital spending to a downshift in the services sector, has put U.S. profits and economic growth at risk, it warned.
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One stat that's very interesting from the durable goods yesterday: from December through March, core capital goods spending, core cap ex as it is called, is actually growing at a 10% annual rate.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, surged 4.5 percent in August as demand for transportation equipment jumped 13.0 percent.
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DATA AHEAD (GMT) * 0830 UK Retail Sales MM YY April * 0830 UK Retail Sales Ex-Fuel MM April * 1230 U.S. Durable Goods April (Reporting by Arijit Bose in Bengaluru; Editing by Shreejay Sinha)
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, dropped 0.6 percent in May as demand for transportation equipment fell 1.0 percent.
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The much weaker-than-expected reading in durable goods orders, which fell by the most since August 0.33, raised the prospects of a lower-than-expected U.S. gross domestic product number on Friday.
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A U.S. government report showing a decline in domestic durable goods orders in February supported the view that the U.S. economy was losing momentum in the first quarter, spurring bids for government securities.
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NEW YORK (Reuters) - J.P. Morgan on Friday more halved its previous estimate on U.S. economic growth in second quarter to 1.00% following data that showed a fall in durable goods orders in April.
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The strength in durable goods was led by a 47.5 percent increase in orders for commercial aircraft, a gain that followed an even bigger 83.2 percent rise in January in this volatile sector.
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The slump mirrored a slowdown in household spend on durable goods, which the central bank in September said had contracted for a sixth consecutive quarter, citing low consumer confidence and poor employment prospects.
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Canadian manufacturing sales unexpectedly rose in January for the third month in a row, helped by strength in non-durable goods, including petroleum and coal products, data from Statistics Canada showed on Friday.
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Personal loans that include loans for durable goods, housing and education are growing at a rate of 19 percent year-on-year, while credit card loans are growing at a 24 percent clip.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, dropped 1.7 percent in April as demand for transportation equipment tumbled 6.1 percent.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, increased 2.6 percent in March as demand for transportation equipment rose 7.6 percent.
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Japanese retail sales rose less than expected in May as sales of durable goods and clothes slowed, falling substantially from April's annual increase though analysts expect sales to continue rising as a trend.
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Consumer finance in Mexico grew 11.2 percent year-on-year in June, with personal loans jumping 20.6 percent and credit for durable goods up 12.6 percent, according to data from Mexico's central bank.
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It said that travel agencies, restaurants and hotels had been seriously affected, while the non-durable goods segment has seen a sharp increase in sales, not least tinned goods, toilet paper and pharmaceuticals.
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The CNBC/Moody's Analytics GDP survey rapid update said tracking estimates slipped to a median forecast of 4.1 percent from 4.2 percent, reflecting the latest durable goods and advanced trade data released Thursday.
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"There are tentative signs that consumption of durable goods are slowing, suggesting that the gyration in asset markets and gradually rising mortgage payments might be starting to bite," Lam said in a report.
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Investors in the dollar are also focused on the release of U.S. durable goods orders and gross domestic product data later on Thursday, which could test the greenback if the numbers disappoint expectations.
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That marked the fastest expansion in more than three years as shoppers splashed out on durable goods, an encouraging sign that consumer spending is no longer the weak spot in Japan's economic outlook.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, increased 1.0 percent in June as demand for transportation equipment rebounded 2.2 percent.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, vaulted 3.1 percent last month as demand for transportation equipment soared 7.1 percent.
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Arcelik's reported leverage is negatively impacted by its higher than average working capital needs, as a significant portion of durable goods are sold on credit in Turkey, and this is partly financed by Arcelik.
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"The numbers on Philadelphia Fed Manufacturing and durable goods are volatile indicating that the economy is slowing," said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York.
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DATA/EVENTS (GMT) 0800 Germany Ifo Business Climate New Aug0800 Germany Ifo Curr Conditions New Aug0800 Germany Ifo Expectations New Aug1230 US Durable Goods July (Reporting by Colin Packham, Editing by Sherry Jacob-Phillips)
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"The next key test looms today with an above-consensus U.S. durable goods orders to provide further evidence that the underlying momentum of the U.S. economy justifies further hikes," Commerzbank analyst Michael Leister said.
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On Thursday, the Commerce Department said orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, dropped 2.8 percent last month after gaining 4.2 percent in January.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, declined 2000% in September after edging up a revised 211.5% in the prior month.
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Underpinning gold, the dollar moved away from two-year highs after weak U.S. durable goods data and manufacturing activity data ignited worries that the trade conflict with China may hurt the world's largest economy.
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A mixed bag of economic data ranging from disappointing U.S. durable goods orders to slightly brighter French PMI data meant Wall Street was set for a more choppy start than had initially been expected.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, shot up 2000 percent in March after declining 5003 percent in the prior month.
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The stronger dollar and softer oil prices were reflected in data on U.S. durable goods orders, which showed a drop in February, while weekly jobless claims continued to point to a solid labor market.
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Overall orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, shot up 2.2 percent last month amid a 5.1 percent rise in demand for transportation equipment.
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U.S. durable goods orders rebounded less than anticipated in March and a survey of American consumer confidence missed expectations, adding to a slew of weak data on the U.S. economy in the first quarter.
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The solid durable goods orders data was a welcome sign to dollar bulls, as U.S. economic data and uncertainty surrounding U.S. President Donald Trump's proposed fiscal stimulus have hit the dollar in recent months.
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Goldman Sachs christened millennials "the renter generation" in a recent report, observing that they're simply not buying houses, cars, or durable goods such as refrigerators and washing machines at the rates their parents did.
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While the dollar remains near 2117.72-month lows, supporting emerging markets, a solid reading on second quarter growth later in the day could boost the greenback, especially after data showing surging durable goods orders.
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On the data front, orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, tumbled 6.8 percent last month as bookings for transportation equipment plunged 19 percent.
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Last month's consumer spending report added to data on the goods trade deficit, industrial production, durable goods orders and residential construction that have pointed to an acceleration in economic growth early in the third quarter.
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On the economic data front, durable goods orders rose 1.8 percent in January, while pending home sales are due at 10 am ET. In Europe, the pan-European Stoxx 600 index was down 0.28 percent.
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As it turned out, the slowdown was brought on by anemic sales of durable goods like cars and appliances, a weaker trade picture caused by the stronger dollar and falling business investment and shrinking inventories.
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The Commerce Department said Thursday that orders for durable goods — or items meant to last at least three years — rose 2%, after a 2.3% decline in May and an even bigger 2.8% drop in April.
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Abe, who made the remarks at a cabinet meeting, also said he would consider tax breaks on purchases of durable goods and measures to help small businesses cope with the burden of the higher tax.
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It also comes in a week where U.S. Federal Reserve chief Janet Yellen confirmed the outlook for further rate rises, while better-than-expected U.S. durable goods orders data suggested inflation may be picking up.
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The yield on the benchmark 10-year Treasury note hovered below 2 percent after the auction and after durable goods orders came in far weaker than expected, a further sign of the manufacturing sector slowdown.
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And finally, we've had very choppy economic data in the second quarter after a rocky first quarter, with many taking down Q2 GDP estimates, though today we did have better Durable Goods numbers for April.
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NEW YORK, April 26 (Reuters) - U.S. Treasury prices pared earlier losses on Tuesday as softer-than-expected readings on domestic durable goods orders reinforced the notion of sluggish U.S. economic growth in the first quarter.
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"Most of the gain [in manufacturing] was in the durable goods component, with machinery adding 8,000 jobs and employment in fabricated metal products continuing to trend up (+4,000)," the Bureau of Labor Statistics said Friday.
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On the economy, Monday brings the leading indicators, Tuesday will feature existing home sales, Wednesday is durable goods orders as well as the University of Michigan consumer sentiment survey, which could be the week's highlight.
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A 10.5 percent jump in demand for transportation equipment lifted overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, by 4.4 percent last month.
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The Commerce Department said on Thursday that orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, surged 4.9 percent last month, reversing December's revised 4.6 percent plunge.
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Households buy durable goods such as houses and cars when they feel comfortable with their income and employment prospects, and they tend to cut back on these high-price items when the economy is souring.
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Since a global grounding of the Boeing 3.13 MAX in March that froze deliveries and is still ongoing, key U.S. economic data series such as durable goods orders and export sales have taken a hit.
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A 6.0 percent surge in demand for transportation equipment buoyed overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, which leapt 1.8 percent last month.
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U.S. long-dated Treasury yields rose to multi-month highs, boosted by a strong U.S. durable goods report, optimism about tax reform and the upcoming announcement of President Donald Trump's nominee to head the Federal Reserve.
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With demand for core capital goods orders rising briskly last month, overall orders for durable goods - items ranging from toasters to aircraft that are meant to last three years or more - surged 4.4 percent in July.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, increased 0.13% in July, the most since August 2018, after rising 1.8% in the prior month.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, increased 2.1% in July, the most since August 2018, after rising 1.8% in the prior month.
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Economic data on Wednesday included a report that showed orders for durable goods rose by a much stronger-than-expected 4.8 percent in October, while a separate report showed a slight uptick jobless claims last week.
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Bank of Korea estimates showed private consumption rose by a seasonally adjusted 0.9 percent in the second quarter after slipping 0.2 percent in the January-March period, thanks to demand for semi-durable goods like clothing.
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Economic data: The Federal Reserve may not have access to federal economic data, including the government's retail sales report, GDP and durable goods during the shutdown, which could affect its forthcoming decisions on interest rate hikes.
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Schlossberg said U.S. economic data on Thursday showing an upward revision in U.S. durable goods orders for August and stronger-than-expected U.S. pending home sales for September supported prevailing expectations for a December rate increase.
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Since the Fed's last rate-setting meeting in mid-June, economic data on retail sales and job creation has been stronger than expected, and durable goods orders, a proxy for business spending plans, jumped in June.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, increased 2.0% in June, the most since August 0.13, after declining 2.3% in the prior month.
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A 12 percent surge in demand for transportation equipment buoyed overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, which jumped 4.8 percent last month.
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The data that was the most trustworthy was the durable goods number which continues to show the drop off in capex spending and according to the survey data, it's due to uncertainty over the trade war.
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ET, with the Labor Department issuing its weekly report on initial jobless claims, the Commerce Department releasing its shutdown-delayed December report on durable goods orders, and the Philadelphia Fed putting out its February manufacturing index.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, increased 2.0% in June, the most since August 2018, after declining 2.3% in the prior month.
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Read More Market reacts to sharp decline in durable goods orders Crude oil futures also rebounded on Thursday, rising to their highest in three weeks and boosting oil-linked currencies such as the and Canadian dollars.
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A 44.8 percent plunge in demand for defense equipment pushed down overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, by 0.1 percent last month.
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The 10-year yield is at the highest level since mid-March after a strong durable goods report and speculation that Stanford economist John Taylor is a stronger possibility to be named the next Fed chairman.
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NEW YORK (Reuters) - U.S. Treasury yields held at slightly higher levels on Friday as data on durable goods orders and personal spending in November supported the view of solid domestic economic growth in the fourth quarter.
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Since the Fed's last rate-setting meeting in mid-June, economic data on retail sales and job creation have been stronger than expected, and durable goods orders, a proxy for business spending plans, jumped in June.
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NEW YORK (Reuters) - U.S. federal funds futures clung near five-week lows on Wednesday following a steeper-than-forecast 4 percent drop in durable goods orders in June which rekindled some concerns about the manufacturing sector.
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A 0.4 percent rebound in U.S. durable goods orders last month after a decline in September and solid U.S. jobless claims that have tracked below 300,000 for 90 straight weeks boosted the multiple rate hike view.
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NEW YORK (Reuters) - The euro fell to session lows against the dollar on Thursday following data on U.S. durable goods orders and jobless claims that suggested solid growth in business activity and a tightening labor market.
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Fresh data released on Thursday showed new orders for U.S. durable goods posted their biggest drop in 24 months in December, suggesting that growth in the world's top economy braked sharply at the end of 20700.
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The tracker had risen in recent days following the release of some positive personal income, durable goods and housing data, then came off a bit on Monday's ISM Manufacturing survey that was a bit below expectations.
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However, the string of disappointing reports has caused the Atlanta Fed this week to pull its forecast all the way down to 2.6 percent, after the disappointing reports on durable goods orders and advanced economic indicators.
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Coming this week:Tuesday — Walgreen (WBA)earnings; Tesla (TSLA) sales figures; US February durable goods ordersWednesday — US ISM servicesThursday — Constellation Brand (STZ)earnings; Reserve Bank of India rate decisionFriday — US March jobs report; EU finance ministers meet
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The Commerce Department said on Thursday orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, jumped 3.4 percent last month after an upwardly revised 1.9 percent increase in March.
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Renewed trade tensions and a slump in economic data — ranging from falling durable goods and capital spending to a downshift in the services sector — has put U.S. profits and economic growth at risk, Morgan Stanley warned Tuesday.
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"US durable goods data was really smashing and it has made a lot of difference with respect to what Yellen will say tomorrow," Naeem Aslam, chief market analyst at Think Markets, said in a note to clients.
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A 13.2 percent drop in demand for transportation equipment weighed on overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, which tumbled 4.6 percent last month.
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U.S. durable goods orders, released on Thursday, surged 20153 percent last month, the biggest gain in three years The bullish report came on the eve of the government's advance second-quarter gross domestic product estimate on Friday.
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NEW YORK (Reuters) - J.P. Morgan on Thursday lowered its tracking estimate on U.S. economic growth in the first quarter as durable goods orders rose less than forecast in December with core capital orders posting a surprise drop.
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The S&P 500 industrial sector rose 0.52 percent to a record high, helped by a report that showed a strong jump in orders for durable goods in October due to demand for machinery and other equipment.
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NEW YORK, April 2 (Reuters) - U.S. Treasury yields remained at lower levels on Tuesday as overall domestic durable goods orders fell a bit less than forecast in February and the total figure in January was revised lower.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, tumbled 258.8 percent last month, the biggest drop since August 22.6, after declining 0.43 percent in May.
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The dollar fell modestly in early North American trading following data showing a fall in durable goods orders and a slight uptick in the number of Americans filing for unemployment benefits, but remained higher on the day.
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And rises in long-depressed property prices are causing some people to buy sooner rather than later, which should lift demand for durable goods such as appliances and furniture - just the recipe to break Japan's deflationary mentality.
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He said he has learned a lesson from the impact of the 2014 sales tax hike, which dealt a blow to private consumption, citing the need to stimulate consumption of durable goods such as cars and housing.
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Volumes have been light this week, however, before Friday's holiday, when the bond market will be closed, and with few major economic releases until durable goods orders on Thursday and fourth-quarter gross domestic product on Friday.
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Turning to Asia's increasing appetite for coffee, Illy said he was confident that consumption in China would increase over the coming years as its economy shifted from exporting durable goods to one mostly driven by internal consumption.
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Data released on Thursday showed U.S. durable goods orders rose more than expected last month and a fifth straight monthly increase in shipments suggested that business spending on equipment would support economic growth in the second quarter.
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The advance fourth-quarter GDP report, which was scheduled for release on Wednesday, has been delayed as the government shutdown prevented the collection of source data, including December retail sales, housing starts durable goods and trade figures.
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The good durable goods orders data was a welcome sign to dollar bulls, as U.S. economic data, including subdued inflation, and uncertainty surrounding U.S. President Donald Trump's proposed fiscal stimulus have sunk the dollar in recent months.
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"The decline in consumer spending was widely expected and we have started to see signs of it over the past two or three months, but most of it is in the area of durable goods," he said.
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"The U.S. durable goods number also came better than expected and people are getting out of gold here just because that data does not support another rate cut," said Bob Haberkorn, senior market strategist at RJO Futures.
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"The U.S. durable goods number also came better than expected and people are getting out of gold here just because that data does not support another rate cut," said Bob Haberkorn, senior market strategist at RJO Futures.
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The June decline in durable goods orders resulted in the Atlanta Fed's model to downgrade its forecast on real equipment investment in the second quarter, falling by 1.9 percent from its prior estimate of a 1.2 percent decline.
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The data also tells us that the most reliable paychecks these days come from jobs in health care, finance, insurance, and durable goods manufacturing, while the most at-risk jobs are at restaurants, retail shops, and wholesale businesses.
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The Commerce Department said on Tuesday that orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, increased 0.8 percent last month after a downwardly revised 3.1 percent decline in February.
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Consumer confidence fell to record lows last year in Brazil's worst recession since 1990, as more than 1.5 million people lost their jobs while rising inflation and interest rates battered demand, especially for cars and other durable goods.
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A 21 percent rebound in U.S. durable goods orders last month after a decline in September as well as solid U.S. jobless claims that have been below 2054.47,000 for 90 straight weeks boosted the multiple rate hike view.
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This rise in income—the result of faster economic growth between 2003 and 2011—went side by side with a big expansion in education and in ownership of durable goods, from computers and cars to wide-screen televisions.
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"At that time, they would lower interest rate(s) to support the property sector, loosen regulation to boost infra(structure) spending, and roll out measures to stimulate consumer durable goods such as auto and home appliance," Hu said.
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The dollar turned flat in afternoon U.S. trading on "pre-holiday positioning" and after data showed a fall in U.S. durable goods orders and a slight uptick in the number of Americans filing for unemployment benefits, Manimbo said.
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NEW YORK, July 26 (Reuters) - The euro fell to session lows against the dollar on Thursday following data on U.S. durable goods orders and jobless claims that suggested solid growth in business activity and a tightening labor market.
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However, U.S. durable goods orders this week suggested the manufacturing sector was on some firmer ground and St. Louis Fed President Jim Bullard told CNBC Thursday that he's not too concerned about the chances of a world recession.
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While trade is expected to slow down ahead of Christmas, the market's near-term focus is on U.S. economic indicators due Thursday, including revised GDP for July-Sept, durable goods orders for November, and weekly initial jobless claims.
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The Commerce Department said on Thursday that orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, declined 2.8 percent last month after a downwardly revised 4.2 percent increase in January.
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NEW YORK (Reuters) - The U.S. economy is growing at a 0.4 percent pace in the first quarter following the latest data on home resales and durable goods orders, the Atlanta Federal Reserve's GDPNow forecast model showed on Tuesday.
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The two leaders are expected to discuss immigration and a visa program that lets Indian IT talent work in the U.S. In economic news, durable goods fell 2794.81 percent in May, more than the expected 23.231 percent drop.
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NEW YORK, Aug 26 (Reuters) - U.S. Treasury yields were little changed on Monday as domestic orders for durable goods unexpectedly rose in July but shipments fell by the most in nearly three years, suggesting capital investments remained sluggish.
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DATA/EVENTS (GMT) 1330 US Durable Goods Dec 1500 US Consumer Confidence Jan U.S. Federal Reserve's Federal Open Market Committee starts its two-day meeting on interest rates (Reporting by Asha Sistla in Bengaluru; Editing by Subhranshu Sahu)
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That's a serious jolt to private consumption, because a slowdown of housing demand always triggers a decline in sales of consumer durable goods, popularly known as the "big-ticket items," such as furniture, home furnishings, kitchen appliances and cars.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, vaulted 3.1 percent last month as demand for transportation equipment soared 7.1 percent after tumbling 3.5 percent in January.
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The U.S. economy is set to grow by a 2.9 percent annualized rate in the second quarter following the latest data on durable goods orders and advance goods trade, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday.
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Gold rebounded on Tuesday after weaker-than-expected U.S. durable goods data knocked the dollar to a session low against the euro, but prices remained hemmed into a narrow range as a two-day Federal Reserve policy meeting began.
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Sales of what economists refer to as "durable goods" — for instance, appliances, furniture, tools, cars and car parts, garden equipment, consumer electronics, and toys — tend to decline as people decide to hold off on buying or replacing these products.
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NEW YORK (Reuters) - The dollar held steady versus a basket of currencies on Thursday as the latest domestic data on durable goods orders, jobless claims and trade balance on goods suggested ongoing moderate growth for the world's biggest economy.
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"If there is an election uncertainty effect, it would not be surprising if restaurants were spared the pain: in principle uncertainty should restrain spending on durable goods more than spending on services," wrote JPMorgan chief U.S. economist Michael Feroli.
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BRUSSELS (Reuters) - Euro zone industrial production fell by less than expected in September, driven down mostly by a steep drop in the output of durable goods, such as cars or fridges, the European Union statistics office said on Monday.
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NEW YORK, Sept 27 (Reuters) - U.S. Treasury yields were little changed on Thursday as domestic durable goods orders increased more than expected in August, while a gauge on core capital goods unexpectedly fell following four straight months of gains.
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But the unveiling of the plan, coupled with upbeat U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.
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But a report Thursday on orders and shipments for so-called durable goods has added to the list of reasons that many economists, investors — and possibly Federal Reserve officials — are entertaining doubts about the strength of the U.S. economy.
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NEW YORK (Reuters) - The U.S. economy grew at a 1.3% annualized rate in the second quarter based on June data on domestic durable goods orders and advance goods trade, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday.
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NEW YORK (Reuters) - U.S. economy is growing faster in the third quarter than previously thought based on this week's June data on durable goods orders and new home sales, the New York Federal Reserve's Nowcast model showed on Friday.
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Upbeat U.S. durable goods and home sales data also bolstered the case for interest rate hikes, helping push U.S. 10-year treasury yields to the highest since March and yields on 30-year bills to the highest since May.
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Durable goods orders for non-defence capital equipment excluding aircraft were up by just 2.1% in the three months from March to May compared with a year earlier, less than a third of the growth rate a year ago.
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Orders for U.S. durable goods rose more than expected in January as demand picked up broadly, offering a ray of hope for the struggling manufacturing sector and reducing the risk-off tone that has driven markets in recent sessions.
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"There is a mass of U.S. data including key employment numbers, durable goods and factory orders and if these also fall below expectations it would be reasonable to expect another wave of selling," Kingdom Futures said in a note.
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Personal loans that include loans for durable goods, housing and education are growing 14 percent year-on-year compared with 5.4 percent growth in overall bank credit, while credit card loans are growing at about 23 percent on year.
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Coming this week:Monday — US February retail sales; US ISM manufacturingTuesday — Walgreen (WBA)earnings; US February durable goods ordersWednesday — US ISM servicesThursday — Constellation Brand (STZ)earnings; Reserve Bank of India rate decisionFriday — US March jobs report; EU finance ministers meet
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NEW YORK (Reuters) - The U.S. economy likely expanded at a 2.3 percent annualized rate in the second quarter following a weaker-than-expected report on domestic durable goods in June, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.
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The unveiling of the tax plan, coupled with upbeat data on U.S. durable goods orders, helped give an added lift to the greenback, which has benefited from rekindled expectations that the Federal Reserve will raise interest rates again by year-end.
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Other retailers like L Brands and Office Depot also rose ahead of Black Friday, one of the busiest shopping days of the year in the U.S. In economic data, durable goods orders fell 4.4 percent in October, more than expected.
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The Atlanta Fed's GDP Now forecast model showed the U.S. economy is on track to grow at a 3.4 percent annualized pace in the third quarter based on the latest data on industrial output, home sales and durable goods orders.
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U.S. stocks closed more than 1 percent higher on Thursday, with the pound near year-to-date highs against the dollar, as expectations rose that the U.K. would vote to remain in the EU. May durable goods orders declined 2.2 percent.
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Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, tumbled 4.0 percent last month, the biggest drop since August 2014, after a downwardly revised 2.8 percent fall in May.
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NEW YORK, Aug 25 (Reuters) - U.S. interest rates futures clung to earlier losses on Thursday as the latest data on domestic jobless claims and durable goods orders suggested the U.S. economy is expanding at a moderate clip in the third quarter.
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Output of durable goods, such as cars or refrigerators, was the only component of the indicator to record a drop, by 0.1 percent on the month, confirming firms' cautious approach as consumers were less keen to purchase more expensive items.
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"The pressures started early and then the data contributed to that, first in terms of the durable goods orders ... and lastly on the dip in long-term inflation expectations in the Michigan survey," said Vassili Serebriakov, FX strategist at Credit Agricole.
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NEW YORK, May 26 (Reuters) - U.S. Treasury prices held earlier gains on Thursday as the latest data on durable goods orders and jobless claims supported the view of a modest rebound in U.S. economic growth following a weak first quarter.
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Industrial production, durable goods orders, retail and home sales fell in April, suggesting the economy lost considerable momentum early in the second quarter after getting a lift from exports and an accumulation of unsold goods in warehouses in the first quarter.
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Demand for services and durable goods drove private consumption up by a seasonally adjusted 1.5 percent in the fourth quarter, following 1.2 percent growth in the previous quarter to post the best quarterly rise since the December quarter of 2009.
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NEW YORK (Reuters) - The U.S. economy is expanding at a 2.5 percent annualized rate in the fourth quarter, based on data on durable goods orders and home resales in October, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.
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NEW YORK (Reuters) - The New York Federal Reserve on Friday reduced its estimate of U.S. gross domestic product growth for the third quarter below 2 percent based on this week's data on new home sales and durable goods orders in July.
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While this measure has fallen some, broad measures of capital expenditures by companies remain robust, and those spending plans are turning into reality as durable goods orders for core investment goods rose at a 12 percent annualized rate in April.
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While surveys including the index of factory activity and several regional reports have pointed to manufacturing weakness, so-called hard data on oil drilling rigs, durable goods orders and industrial production have offered tentative signs of stability in the sector.
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"The cooling property sector, the end of the durable goods replacement cycle and the payback effect from the previous front-loading of exports have been and will remain headwinds," Ting Lu, chief China economist at Nomura, wrote in a note.
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Up next Monday: Eurozone PMI, China trade data Tuesday: US consumer confidence Wednesday: US new home sales, German consumer confidence Thursday: US 2Q GDP - final reading, Mark Carney speech, Mexico rate decision Friday: US durable goods, University of Michigan sentiment index
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When John Maynard Keynes wrote The General Theory of Employment, Interest and Money (1936), he famously argued that the central economic problem was to get the wealthy to part with their money and to invest in the construction of durable goods.
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In addition to pressure from buoyant commodity-linked currencies, the dollar was weighed by data showing U.S. durable goods orders declined in February and as the euro bounced as investors squared positions ahead of an upcoming European Central Bank meeting.
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DATA/EVENTS AHEAD (GMT) 13 U.S. Durable Goods Nov 1230 U.S. Durables ex-Transport Nov 1330 Canada GDP MM Oct 1500 U.S. New Homes Sales Units Nov 2350 Japan Bank of Japan releases minutes of monetary policy meeting held on Oct.
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NEW YORK (Reuters) - The U.S. economy is growing at a 3.8 percent annualized rate in the second quarter following the latest data on domestic durable goods orders and advance trade balance, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday.
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NEW YORK (Reuters) - The U.S. economy is expanding at a 1.9% annualized rate in the second quarter based on May data on U.S. durable goods orders and advance goods trade balance, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.
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NEW YORK (Reuters) - The U.S. economy remains on track to expand a tad above 2 percent in the second and third quarters following this week's data on new home sales and durable goods orders, the New York Federal Reserve said on Friday.
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NEW YORK (Reuters) - The U.S. economy is on track to grow at a 2.8 percent annualized pace in the fourth quarter following releases of November data on personal spending and durable goods orders, the Atlanta Federal Reserve's GDPNow forecast model showed on Friday.
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He said trade war fears seem to have calmed down with talks between the U.S. and China progressing, but at the same time, the U.S. economic data has hit a soft spot with weakness in retail sales and September durable goods orders.
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Economists said the dour durable goods orders report could heighten the Fed's concerns about the impact of global headwinds and the fallout from the dollar, which has gained 11 percent against the currencies of the United States' main trading partners since last January.
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Sherry Cooper, chief economist of Dominion Lending Centres, said the housing decline will go beyond residential construction, as the slowdown hits the income and spending of the real estate sector, mortgage brokers and banks and trickles into renovation and durable goods consumption.
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The economists had expected fourth-quarter growth of 1.6 percent, but revised it lower to 1.4 percent, after Thursday's release of December durable goods orders, which were up 1.2 percent on the headline, due mostly to a big gain in aircraft orders.
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Last month, a 4.3 percent jump in demand for transportation equipment offset the dip in core capital goods bookings, and hoisted overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, 1.7 percent.
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While trade is expected to slow down ahead of Christmas, the market's near-term focus is on a big batch of U.S. economic data due on Thursday, including revised GDP for July-Sept, durable goods orders for November, and weekly initial jobless claims.
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So a temporary cut in the taxes on durable goods—cars, kitchens, televisions, and so on—can be expected to have greater impact on overall spending than a smaller cut in taxes on all goods, including necessities such as clothing and utilities.
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Consumption of durable goods, those items like refrigerators and cars that are meant to last more than three years, are a sensitive measure of confidence given they are "big ticket" and there is only so much food (non-durables) a person can eat.
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The survey was completed before the release of June wholesale and retail inventories as well as durable goods and goods trade deficit data, which led the Atlanta Fed to cut its forecast by three-tenths of a percentage point to a 1.3% rate.
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JPMorgan on Thursday pared its estimate on growth to a 0.3 percent annualized rate in the first quarter from a 0.4 percent pace, following weaker-than-expected data on durable goods orders and advance data on the goods trade balance in March.
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"Bottom line, relative to expectations the only thing noteworthy was the upward revision in March spending as spending on durable goods was less negative and service spending was more than originally stated," said Peter Boockvar, chief market analyst at The Lindsey Group.
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NEW YORK (Reuters) - The U.S. economy is on track to grow by a 2.9 percent annualized rate in the second quarter following the latest data on durable goods orders and advance goods trade, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday.
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BRUSSELS (Reuters) - Industrial output in the 19 countries sharing the euro currency fell by more than expected in June, as the production of capital and durable goods fell following sharp increases in the previous month, European statistics office Eurostat said on Monday.
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NEW YORK (Reuters) - U.S. interest rates futures turned flat early Friday, paring their earlier gains, as a upgrade on U.S. gross domestic product in the first quarter and data on durable goods orders in April were a tad stronger than analysts' expectations.
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Growth in consumer spending, which makes up more than two-thirds of the U.S. economy, was unrevised at a 3.3 percent rate in the second quarter as an increase in spending on services was offset by a downward revision to durable goods outlays.
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On top of the pressure from buoyant commodity-linked currencies, the dollar was weighed by data showing U.S. durable goods orders declined in February and a bounce in the euro as investors squared positions ahead of a looming European Central Bank meeting.
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The Trump administration plan to tax an additional $300 billion of Chinese imports annually would affect a broad range of everyday consumer goods, including about 80 percent of all clothing imports, 65 percent of furniture and equipment, and 90 percent of durable goods.
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European lawmakers propose a 'right to repair' for mobiles and laptops More generally, the European Commission wants to restrict single-use products, tackle "premature obsolescence" and ban the destruction of unsold durable goods, in order to make sustainable products the norm. 5.
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"Consumer spending on durable goods such as autos and electrical appliances is on the rise but wage recovery remains sluggish, so the pace of recovery in consumer spending will stay slow," said Takumi Tsunoda, senior economist at Shinkin Central Bank Research Institute.
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NEW YORK (Reuters) - U.S. economy is on track to grow by a 2.2 percent annualized rate in the second quarter following the latest data on durable goods orders and new single-family home sales, New York Federal Reserve's forecast model showed on Friday.
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NEW YORK (Reuters) - The U.S. economy is on track to grow at a 1.0 percent annualized pace in the first quarter due to surprisingly strong data on durable goods orders in February, the Atlanta Federal Reserve's GDP Now forecast model showed on Friday.
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"We are finally seeing some stabilization in the economic data — durable goods numbers, retail sales and this second reading on G.D.P. — that will hopefully end this debate on whether the U.S. economy is heading toward recession," said Quincy Krosby, a market strategist with Prudential Financial.
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Earlier on Wednesday, the U.S. Commerce Department said total orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, dropped 4.0 percent last month, the steepest decline since August 2014, after 2.8 percent fall in May.
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Coming this week:Wednesday — Fed minutes; Amazon annual meeting; Target (TGT), Lowe's and L Brands earningsThursday — Indian election results; Deutsche Bank (DB) annual meeting; US new home sales; Best Buy (BBY), Ross Stores (ROST) and HP earningsFriday — US durable goods orders; Foot Locker (FL) earnings
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"Overall, the durable goods data provide further reason to think that economic growth will soon slow to below its 2 percent potential pace, which will keep the Fed on hold throughout this year," said Andrew Hunter, senior U.S. economist, at Capital Economics in London.
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Coming this week: Thursday — ECB rate decision; US durable goods; 3M (MMM), American Airlines (AAL), Anheuser-Busch InBev (BUD), Comcast (CCZ), Hershey (HSY), Nokia (NOK), Amazon (AMZN), Alphabet (GOOG), Intel (INTC), Mattel (MAT), Starbucks (SBUX) earningsFriday — US Q2 GDP; McDonald's (MCD) and Twitter (TWTR) earnings
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NEW YORK (Reuters) - J.P. Morgan on Thursday trimmed its prior estimate on U.S. economic growth in the second quarter to 1.00% even in the wake of a larger-than-forecast increase in domestic durable goods orders and a shrinkage in trade goods deficit in June.
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The dollar fell broadly on Thursday as a plunge in U.S. durable goods orders supported the view of weakening U.S. growth due to softer global demand, which may cause the Federal Reserve to raise interest rates at a slower pace than it had previously signaled.
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Against the dollar, which surged to almost-14-year-highs on Wednesday after robust durable goods data and minutes from the Federal Reserve that bolstered market expectations for an interest rate hike next month, sterling edged down 0.1 percent on the day to $1.2441.
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NEW YORK (Reuters) - The U.S. economy is growing at a 2.9 percent annualized pace in the second quarter based on the latest data on durable goods orders and new home sales in May, the Atlanta Federal Reserve's GDP Now forecast model showed on Monday.
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Just as UPS is experimenting with 3D printing as a way to improve its position in the logistics market, GE Appliances (now owned by the Chinese durable goods manufacturer Haier) has made its own 3D lab in Louisville for prototyping new products with FirstBuild .
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"While large ticket durable goods and discretionary products have been negatively affected by the outbreak, the consumer staple categories, such as groceries, fresh produce, health care and household products, are in greater online demand during the past 13 weeks," Chief Financial Officer Sidney Huang said.
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Those price increases led the Federal Reserve to raise interest rates to head off or reduce inflation, which led to lower purchases of houses and durable goods (big stuff like cars, furniture, and appliances), which led to layoffs and a reduction in wage pressure.
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"While large ticket durable goods and discretionary products have been negatively affected by the outbreak, the consumer staple categories, such as groceries, fresh produce, health care and household products, are in greater online demand during the past 13 weeks," Chief Financial Officer Sidney Huang said.
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The economic data particularly in the U.S. has continued to be strong, with reports Thursday showing a less-than-expected drop in durable goods orders and another strong showing for housing, with the 4003% gain in pending home sales well above the 2% market expectation.
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NEW YORK, July 27 (Reuters) - Longer-dated U.S. Treasury prices added to earlier gains on Wednesday, rising to session highs as a steeper-than-expected drop in durable goods orders in June revived concerns about the factory sector being a drag on the U.S. economy.
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New homes often come along with spending on other durable goods and can help drive up GDP even in the face of continuing trade pressure and other worries that could mount over the outcome of the election in the second half of the year.
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Abe said the government will consider tax breaks for durable goods purchases, such as cars and homes, and come up with a scheme to ease the burden on small companies and small retailers once the sales tax is raised to 10 percent from 8 percent.
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DATA/EVENTS (GMT) 1330 US Durable Goods Oct1330 US GDP 0.67853nd Estimate Q31330 US Initial Jobless Claims Weekly1500 US Consumption, Adjusted MM Oct1900 US Federal Reserve issues Beige Book of economic condition MARKET NEWS * Asian shares ticked higher as more upbeat signals from Sino-U.
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Coming this week: Monday — US February retail sales; US ISM manufacturing Tuesday — Walgreens (WBA) earnings; US February durable goods orders Wednesday — US ISM services Thursday — Constellation Brands (STZ) earnings; Reserve Bank of India rate decision Friday — US March jobs report; EU finance ministers meet
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The tentative rise in yields, which followed a broad rally on Wednesday after Greece struck a debt deal with its international creditors, also came ahead of U.S. durable goods data that could provide further fuel for those calling for another rate rise in the world's largest economy.
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"We expect the economy will slow further in second quarter as exports likely remain under pressure as global demand deteriorates and the property market stays in a downward cycle, while stubbornly weak consumption for durable goods caps demand," said Ting Lu, chief China economist at Nomura.
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"There were plenty of positive headlines for the U.S. economy this week, with GDP growth accelerating in the first quarter, durable goods orders surging in March, and the S&P 500 hitting a record high," Michael Pearce, senior U.S. economist at Capital Economics, said in a note.
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The tentative rise in yields, which followed a broad rally on Wednesday after Greece struck a debt deal with its international creditors, also came ahead of U.S. durable goods data that could provide further grist for those calling for another rate rise in the world's largest economy.
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Currency investors pinned the move on Wednesday's stronger-than-expected durable goods report, coupled with longer-term expectations that a stimulus plan from President-elect Donald Trump will rev up the U.S. economy and possibly force an earlier cycle of interest rate increases from the Federal Reserve.
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Cheaper, less durable goods — and the lack of time we have these days to fix them as they wear — not only produce more trash for the earth and use more resources (not to mention bad labor policies), but erase the practice of caring for our own belongings.
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As innovation has pushed down the cost of certain types of products (mostly durable goods such as televisions, furniture, and clothing), Americans have used the savings to spend more on other things — especially education, health care, child care, and housing — where productivity growth has been much slower.
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U.S. gross domestic product likely grew at a 1.50 percent annualized pace in the first three months of the year based on the latest durable goods data, slower than an earlier calculated rate of 1.75 percent, J.P. Morgan economist Michael Feroli wrote in a research note.
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NEW YORK (Reuters) - The U.S. economy is on track to expand at a 2.6 percent annualized rate in the first quarter following releases of the government's latest data on advance trade balance and durable goods orders, the Atlanta Federal Reserve's GDPNow forecast model showed on Tuesday.
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A report on durable goods orders is expected to show a 0.5 percent drop in January from a 1.2 percent rise the month before, while Labor Department data is expected to show producer prices edged up 0.2 percent in February from prior month's 0.1 percent dip.
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NEW YORK (Reuters) - The U.S. economy is on track to grow at a 3.4 percent annualized pace in the third quarter based on the latest data on industrial output, home sales and durable goods orders, the Atlanta Federal Reserve's GDP Now forecast model showed on Friday.
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But coming on the heels of recent strong data on consumer spending, the labor market, industrial production and durable goods orders, Monday's reports did little to change the view that the economy was regaining momentum after slowing to a 1.0 percent annual rate in the fourth quarter.
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The report adds to upbeat data on consumer spending, the labor market, industrial production and durable goods orders in suggesting that economic growth picked up at the start of the first quarter after slowing to a 1.0 percent annual rate in the final three months of 2015.
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ET Gold futures : $1,349.60; +0.97 pct US crude : $10003; -2.41 pct Brent crude : $49.07; -2.06 pct LME 20.9-month copper : $21.9,21000; -20.3 pct ARC Resources Ltd : Raymond James raises price target to C$21000 from C$20.7 Gran Tierra Energy Inc : CIBC raises target price to C$0.53 From C$20.5 TSO21 Inc : Canaccord Genuity raises price target to C$21.29 from C$3.50; rating "buy" 0945 ISM-New York Index for Jun: Prior 718.1 0945 ISM NY Current Business Conditions Index for Jun: Prior 37.2 1000 Durable goods excluding defense, R mm for May: Prior -13 pct 1000 Durable goods, R mm for May: Prior -2.2 pct 1000 Factory orders mm for May: Expected -0.9 pct; Prior 1.9 pct 1000 Durable goods excluding transportation R mm for May: Prior -0.3 pct 1000 Nondefense capital goods excluding aircraft R mm for May: Prior -0.7 pct 1000 Total manufacturing excluding transportation mm for May: Prior 0.5 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.29) (Reporting by Nikhil Kumar in Bengaluru)
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The inflow of labor supplied by immigrants has helped the United States avoid the problems of other economies, such as Japan's, that have stagnated as a result of unfavorable demographics — particularly the effects of an aging workforce and reduced consumption of housing and other durable goods by older residents.
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It'd take a fuller accounting of the durable goods manufacturing sector to understand the full scope there, but it's telling that, for the moment, it is not Trump's trade dealing or his tax relief that's driving the growth in factory jobs—it is the ever-expanding military industrial complex.
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The euro, which hit a more than one-week high against the U.S. dollar of $1.1219 EUR= earlier in the session after weaker-than-expected U.S. May durable goods orders data fueled doubts about the U.S. economy and the Federal Reserve's aggressive rate increase outlook, eased after Draghi's remarks.
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Yes, we've had a slowing in manufacturing — we've seen that both globally with the euro zone [purchasing managers' indexes] and here domestically — but, look, durable goods were good this week, regional manufacturing surveys have been really strong, so I don't think we're on the verge of a recession.
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This is good news for companies like Apple that make durable goods, but could be bad news for services like restaurants or casinos or hotels, which will have a harder time making up the lost revenue, Frederick, the VP of trading and derivatives at Charles Schwab, told me.
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Sub categories: E-commerce and brick-and-mortarsE-commerce has only expanded over the last decade, but brick-and-mortar stores still make up 90% of retail revenue, and sales of consumer durable goods (like toothpaste and toilet paper) tend to remain strong regardless of the business cycle.
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For risk markets to look better by the end of this week, the healthcare bill would need to pass and there would need to be signs of improving U.S. business sentiment when the durable goods orders report comes out on Friday, Morgan Stanley strategists led by Hans Redeker wrote in a note.
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Coming this week:Tuesday — Dick's Sporting Goods (DKS) earnings; Wells Fargo CEO testifies before House Financial Services committee; T-Mobile (TMUS) and Sprint (S) CEOs testify before CongressWednesday — US durable goods reportThursday — Dollar General (DG) earnings; New US home sales report; Tesla holds Model Y eventFriday — US industrial production and US consumer confidence report
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The euro was last up 0.24 percent against the dollar at $1.1290 after U.S. March durable goods orders and April consumer confidence data came in below the expectations of economists polled by Reuters, reinforcing views that weak economic data would lead the Fed to strike a dovish tone in a policy statement on Wednesday.
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It was the second time this week that the indicator fell; the first was Wednesday after durable goods orders came in lower than expected, while Thursday's reduction was based on the first release of the U.S. Census Bureau's new advance economic indicators report, which logs retail and wholesale inventories as well as foreign trade in goods.
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"The dollar rally has been taken to another level on the back of the U.S. durable goods data, which was really stunning," said Naeem Aslam, chief market analyst at Think Markets UK. Gold has shed more than 10 percent from a peak hit in the aftermath of the U.S. election two weeks ago, holding above key support around $1,200.
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DATA AHEAD (GMT) 0700* Germany CPI Final Jan 0745 France Business Climate Mfg Feb0745 France CPI (EU Norm) Final Jan 0900 Euro Zone Markit Mfg Flash PMI Feb 0900 Euro Zone Market Serv Flash PMI Feb 0900 Euro Zone Market Comp Flash PMI Feb 1330 U.S. Durable Goods Dec 1330 U.S. Initial Jobless Claims w/e Feb.
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With that in mind, here are the stocks and events Cramer is watching next week: Durable goods: U.S. orders for long-lasting manufactured goods are expected to be negative because of the weakness in key areas of the economy, but Cramer said that a stronger number could make the case for more interest rate hikes and better economic sentiment.
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" Nick Gartside, international chief information officer of fixed income at JP Morgan Asset Management, told CNBC by email that: "Fundamental factors in the U.S. continue to look robust — upward revisions to previous months' durable goods numbers; PMIs remain at high levels; consumer confidence continues to rise strongly; labour market conditions continue to show improvement to new cycle highs.
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Coming this week:Tuesday — US existing home sales; BP annual meeting; Kohl's, Home Depot, Nordstrom, JCPenney, Urban Outfitters and TJX earningsWednesday — Fed minutes; Amazon annual meeting; Target, Lowe's (LOW) and L Brands (LB) earningsThursday — Indian election results; Deutsche Bank annual meeting; US new home sales; Best Buy (BBY), Ross Stores (ROST) and HP earningsFriday — US durable goods orders; Foot Locker (FL) earnings
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Like the expected weaker US Durable Goods Orders (out Tuesday, and according to Credit Suisse, set to drop to -2.3 percent in August compared to 4.4 percent in July), or the oil ministers meeting in Algeria, where speculation is rife that we could see some type of a deal between members and non-members of oil-producing cartel OPEC to curb output.
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Tesla's deadline to respond to the SECTuesday — Dick's Sporting Goods (DKS) earnings; Wells Fargo CEO testifies before House Financial Services committee; T-Mobile (TMUS) and Sprint (S) CEOs testify before the House Judiciary subcommittee Wednesday — US durable goods reportThursday — Dollar General (DG) earnings; New US home sales report; Tesla holds Model Y eventFriday — US industrial production and US consumer confidence report
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Tesla's deadline to respond to the SEC; Stitch Fix (SFIX) earnings Tuesday — Dick's Sporting Goods (DKS) earnings; Wells Fargo CEO testifies before House Financial Services committee; T-Mobile and Sprint CEOs testify before the House Judiciary subcommittee Wednesday — US durable goods report Thursday — Dollar General (DG) earnings; New US home sales report; Tesla holds Model Y event Friday — US industrial production and US consumer confidence report
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Coming this week:Monday — Japan GDP; Twitter (TWTR) annual meeting; Xiaomi earningsTuesday — BP annual meeting; Kohl's, Home Depot (HD), Nordstrom, JCPenney, Urban Outfitters (URBN) and TJX (TJX) earningsWednesday — Fed minutes; Amazon annual meeting; Target, Lowe's (LOW) and L Brands (LB) earningsThursday — Indian election results; Deutsche Bank annual meeting; US new home sales; Best Buy (BBY), Ross Stores (ROST) and HP earningsFriday — US durable goods orders; Foot Locker (FL) earnings
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In line with other policymakers who have spoken in recent days, Fed Governor Jerome Powell said a rate hike may come "fairly soon" if data confirms the U.S. economy is continuing to grow and labor markets are still tightening Data showed that while orders for U.S. durable goods surged in April, business spending plans continued to show signs of weakness, suggesting the manufacturing rout was far from over.
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DATA AHEAD (GMT) 0.043 Japan Nikkei Mfg PMI Flash Feb 0030 Australia Employment Jan 0700 Germany CPI Final Jan 0745 France Business Climate Mfg Feb 0745 France CPI (EU Norm) Final Jan 0900 Euro Zone Markit Mfg Flash PMI Feb 0900 Euro Zone Market Serv Flash PMI Feb 0900 Euro Zone Market Comp Flash PMI Feb 1330 U.S. Durable Goods Dec 1330 U.S. Initial Jobless Claims w/e Feb.
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Up next Monday: Dallas Fed manufacturing data Tuesday: Alibaba's Hong Kong listing; S&P/Case-Shiller Home Price Index; US consumer confidence; Abercrombie & Fitch (ANF), Best Buy (BBY), Dick's Sporting Goods (DKS), Dollar Tree (DLTR), Dell (DELL) and GameStop (GME) earnings Wednesday: US durable goods orders; US personal spending and income Thursday: US markets closed; EU business confidence Friday: Half day for US markets; UK and Japan consumer confidence; India and Canada GDP
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Coming this week: Wednesday — German manufacturing data; US new home sales; US crude inventories; Deutsche Bank (DB), AT&T (T), Boeing (BA), Caterpillar (CAT), UPS (UPS), Facebook (FB), Ford (F), PayPal (PYPL), Tesla (TSLA) earningsThursday — ECB rate decision; US durable goods; 3M (MMM), American Airlines (AAL), Anheuser-Busch InBev (BUD), Comcast (CCZ), Hershey (HSY), Nokia (NOK), Amazon (AMZN), Alphabet (GOOG), Intel (INTC), Mattel (MAT), Starbucks (SBUX) earningsFriday — US Q2 GDP; McDonald's (MCD) and Twitter (TWTR) earnings
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Final Sept1230 US Consumption, Adjusted MM Aug1230 US Durable Goods Aug1230 US U Mich Sentiment Final Sept PRICES Three month LME copper Most active ShFE copper Three month LME aluminium Most active ShFE aluminium Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 7.1300 yuan) (Reporting by Naveen Thukral, Editing by Sherry Jacob-Phillips)
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Coming next week: Monday — Japan GDP; Twitter (TWTR) annual meeting; Xiaomi earningsTuesday — BP annual meeting; Kohl's, Home Depot (HD), Nordstrom, JCPenney, Urban Outfitters (URBN) and TJX (TJX) earningsWednesday — Fed minutes; Amazon annual meeting; Target, Lowe's (LOW) and L Brands (LB) earningsThursday — Indian election results; Deutsche Bank annual meeting; US new home sales; Best Buy (BBY), Ross Stores (ROST) and HP earningsFriday — US durable goods orders; Foot Locker (FL) earnings Nathaniel Meyersohn, Matt Egan and Lydia DePillis contributed to this report.
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DATA/EVENTS (GMT) 0600 Germany Gfk Consumer Sentiment July 0645 France Consumer Confidence July 1230 US Durable Goods May PRICES Three month LME copper Most active ShFE copper Three month LME aluminum Most active ShFE aluminum Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 6.8862 Chinese yuan) (Reporting by Mai Nguyen; Editing by Subhranshu Sahu)
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Final Feb 1330 US Durable Goods Jan 1330 US GDP 2nd Estimate Q4 1330 US Initial Jobless Claims Weekly PRICES Three month LME copper Most active ShFE copper Three month LME aluminium Most active ShFE aluminium Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 7.0128 Chinese yuan) (Reporting by Mai Nguyen; Editing by Sriraj Kalluvila)
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DATA/EVENTS (GMT) 0800 Germany Ifo Business Climate New Aug 0800 Germany Ifo Curr Conditions New Aug 0800 Germany Ifo Expectations New Aug 1230 US Durable Goods July PRICES Three month LME copper Most active ShFE copper Three month LME aluminium Most active ShFE aluminium Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 7.0928 Chinese yuan renminbi) (Reporting by Mai Nguyen; Editing by Rashmi Aich)
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DATA/EVENTS (GMT) 0330 Australia RBA Cash Rate April1200 Brazil Industrial Output MM YY Feb1230 US Durable Goods Feb Grains prices at 0112 GMT Contract Last Change Pct chg Two-day chg MA 30 RSICBOT wheat 463.75 1.00 +0.22% -0.16% 0.0013 49CBOT corn 362.50 0.75 +257.86% -21.120% 20.001 20.12CBOT soy 20.15 20.7106 +0.173% +20.17% 20.44 214CBOT rice 10.86 $0.00 +0.00% -0.41% $10.74 48WTI crude 0.443 $0.30 +0.49% +4.37% $57.86 Currencies Euro/dlr $1.120 -$0.001 -0.12% -0.15%USD/AUD 0.7106 0.001 +0.17% +0.44% Most active contracts Wheat, corn and soy US cents/bushel.
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DATA/EVENTS (GMT) 1330 US Durable Goods Dec 1500 US Consumer Confidence Jan -- U.S. Federal Reserve's Federal Open Market Committee starts its two-day meeting on interest rates PRICES Three month LME copper Most active ShFE copper Three month LME aluminum Most active ShFE aluminum Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS (Reporting by Mai Nguyen in Hanoi; Editing by Subhranshu Sahu)
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DATA/EVENTS (GMT) 0830 UK Retail Sales MM YY April 0830 UK Retail Sales Ex-Fuel MM April 1200 Brazil IPCA-15 Mid-Month CPI May 1230 US Durable Goods April 1300 Russia Unemployment Rate April PRICES Three month LME copper Most active ShFE copper Three month LME aluminum Most active ShFE aluminum Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 6.9106 Chinese yuan renminbi) (Reporting by Mai Nguyen; Editing by Rashmi Aich)
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ET Gold futures: $21; +21.25 percent US crude: $47.71; +0.59 percent Brent crude: $52.4; +0.69 percent LME 3-month copper: $6728; +13 percent 0830 Durable goods for July: Expected -6.0 pct; Prior 6.4 pct 0830 Durables ex-transport for July: Expected 0.4 pct; Prior 0.1 pct 0830 Durables ex-defense mm for July: Prior 6.6 pct 0830 Nondefense cap ex-air for July: Expected 0.3 pct; Prior 0.0 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.25) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Arun Koyyur)
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ET Gold futures: $20.2; rose 21 percent US crude: $21.31; rose 1.21 percent Brent crude: $75.6; rose 1.16 percent LME 3-month copper: $6043.5; rose 0.95 percent 13 Durable goods for July: Expected -0.5 pct; Prior 0.8 pct 0830 Durables ex-transport for July: Expected 0.5 pct; Prior 0.2 pct 0830 Durables ex-defense mm for July: Expected 0.8 pct; Prior 1.3 pct 0830 Nondefense capital ex-air for July: Expected 0.4 pct; Prior 0.2 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1=C$1.31
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DATA/EVENTS (GMT) 1330 US Durable Goods Oct 1330 US GDP 2nd Estimate Q3 1330 US Initial Jobless Claims Weekly 1500 US Consumption, Adjusted MM Oct 1900 US Federal Reserve issues Beige Book of economic condition PRICES Three month LME copper Most active ShFE copper Three month LME aluminum Most active ShFE aluminum Three month LME zinc Most active ShFE zinc Three month LME lead Most active ShFE lead Three month LME nickel Most active ShFE nickel Three month LME tin Most active ShFE tin ARBS ($1 = 7.0389 yuan) (Reporting by Mai Nguyen, Editing by Sherry Jacob-Phillips)
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