The output of consumer goods fell 0.7 percent as a rise in production of consumer durables was offset by declines in non-durables and consumer energy products.
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But it remains underweight on European consumer durables and utilities.
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You have a lot of things going against us on durables.
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Real consumer spending growth accelerated from just 1.1% in the previous three months and was the fastest since the end of 2017, with a broad-based pick-up in spending on durables, non-durables and services.
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Since the mid 1990s, the cost of consumer durables has been declining.
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The durables sector does not fare well after the Fed lowers rates.
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The strategists upgraded their recommendation on capital goods, chemicals, energy, and consumer durables (luxury goods).
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The most prominent ones include auto sales, output of consumer durables, cement and steel production.
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"In durables, the issue is normally ... aircraft orders," said Tom Simons, money market economist at Jefferies.
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However, Fitch believes the long-term fundamentals driving demand for the consumer-durables sector is still strong.
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Grant Thornton chief economist Diane Swonk said the durables reports has a number of factors impacting it.
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"People don't even spend so much on their TVs and other consumer durables," said Kaur of IDC.
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Credit Suisse expects producer durables to gain a weight of 0.9 percent and materials to gain 0.5 percent.
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There are reports that sales of farm staples have fallen by half and those of consumer durables by 7.33%.
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Sluggish Demand Temporary: Abans' FY17 consumer durables revenue growth slowed to 1.7% following two years of double-digit growth.
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And I think some of the higher ticket item categories, or durables, have been a little softer in China.
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Durables rose 8.6 percent in the second quarter after a 2 percent decline in the earlier three-month period.
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Confidence among retailers was also boosted by sales of durables, while residential activity recovered after three quarters of weakness.
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Also, consumer durables output declined 10.3 percent in December, compared with a growth of 9.8 percent the previous month.
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So, you know, this might be cyclicality for example in the consumer durables, sale of cars, for example, coming down.
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KEY RATING DRIVERS Strengthening Market Position: Singer is one of two market leaders in consumer durables retailing in Sri Lanka.
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KEY RATING DRIVERS Demand to Weaken: Fitch expects demand for consumer durables to be sluggish in the next six to 12 months due to rising interest rates, an increase in taxes on consumer durables and a depreciating Sri Lankan rupee, which raises the prices of imported goods that account for the majority of products sold by Abans.
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Consumer Discretionary has been one of the leading sectors for the last four quarters, driven by internet retail, household durables, and autos.
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"This is reflected in rising demand for consumer durables, acceleration in construction activities, and expansion in the services sector," the statement said.
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They noted Thursday's data on retail and wholesale inventories, merchandise trade and durables shipments could impact their first quarter GDP tracking estimate.
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Margins have been under pressure from "the lower sales participation in its higher-margin durables and home-improvement categories formats," Massmart said.
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Consumer attitudes towards major durables purchases, which includes motor vehicles, have become significantly cautious since last year, which also helps explain the slowdown.
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A 2.2 percent drop in consumer durables reflected fewer automotive products but also declines for home electronics, appliances and furniture, the Fed said.
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Capgemini defines those individuals as people with more than $259 million in investable assets excluding their primary residence, collectibles, consumables and consumer durables.
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"Our sense in a lot of household data we received through the quarter shows that household spending is weak on durables," said Sriram.
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A fall in food prices has hit rural incomes in recent months, which in turn dampened sales of consumer durables and other products.
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Households just entering the middle class will seek to purchase consumer durables, as well as services, including tourism, entertainment, health, education, and transport.
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Prices of consumer durables fell for a second month, pointing to weakness in demand for big-ticket items such as cars and appliances.
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Prices of consumer durables fell for a second month, pointing to lingering weakness in demand for big-ticket items such as cars and appliances.
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Less time shopping for new consumer durables to bring into the house means more time enjoying and caring for the things we already have.
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We expect only a moderate recovery in consumer durables sales in the next 9-12 months as we expect the weak operating environment to continue.
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"Despite the durables disappointment, we continue to think most of the weakness in Q1 GDP is transitory and will rebound in coming quarters," Hollenhorst said.
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Temporary fiscal measures include tax exemptions for consumer durables and an employment scheme under which the government absorbs some costs for new private sector employees.
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Initially, expensive durables are restricted to a small group of high-income households, before spreading to the mass middle class and finally penetrating lower-income groups.
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In furniture, appliances and electronics, Pepkor said customer spending focused more on essentials than durables, resulting in a decline of like-for-like sales of 1.6%.
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The consumer cyclicals and durables sectors also contributed handily to the overall gains, with retailing giants Woolworths and Wesfarmers rising 1.2 percent and 0.5 percent respectively.
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Singer has a stronger business risk profile than DSG, as it is one of two companies that dominate the consumer durables retail market in Sri Lanka.
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Copper is used towards the end of the construction cycle when wiring is installed and empty space is filled with consumer durables such as kitchen appliances.
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Furthermore, initial data reported in the first quarter suggest a further loss of momentum with a disappointment in trade, durables, new homes sales and retail sales.
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The output of consumer goods fell 0.7 percent as a rise in production of consumer durables was offset by declines in nondurables and consumer energy products.
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Capacity utilization increased to 75.4% from 21.10%, while robust auto production lifted the consumer durables category, as the output of consumer energy products also jumped. 217.56.
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Production of intermediary goods fell 1.5 percent on the month, consumer durables fell 1.3 percent and semi- and non-durable consumer goods fell 1.1 percent, IBGE said.
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In the wake of the latest durables goods reading, the Atlanta Fed raised its growth forecast on non-residential equipment investment to 7.8 percent from 7.3 percent.
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Rising interest rates, an increase in direct and indirect taxes and currency depreciation, which affects the prices of products sold by retailers, could make consumer durables less affordable.
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"When you have an increase in uncertainty ... the first thing that consumers do is cut purchases of durables and wait for the situation to clarify," Milesi-Ferretti said.
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Retail petrol prices have risen 17.7 percent in national capital Delhi and diesel prices are up 24.99 percent this year - denting domestic demand for consumer durables and cars.
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Cash-strapped shoppers continue to prioritize food over durables, resulting in lower sales of high-margin goods and higher sales in the lower margin food and liquor categories.
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Because sellers of certain durables, such as jewelry and property, often insist on cash payments, many individuals who have no illegal money build up cash reserves over time.
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Household spending on new homes and durables accounted for around 11 percent of gross domestic product in 20183/18 ( "National income and product accounts", Bureau of Economic Analysis, 2019).
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Consumers surveyed by the University of Michigan viewed both their current financial situation and the current buying conditions for household durables more favorably, according to chief economist Richard Curtin.
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"Increasing the international competitiveness of manufacturing in these regions may create a major lift in future demand from copper intensive sectors, such as automobiles, consumer durables and machinery," BHP says.
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The UBS strategists said that a key driver of the performance was operating leverage, with sectors that have greater cost-cutting potential, such as autos and consumer durables, leading the way.
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But they did note that Thursday's data on retail and wholesale inventories and the advanced merchandise trade, as well as durables could influence their forecast for GDP ahead of Friday's report.
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By category, spending on non-durables including groceries (10 percent) was 33 percent of the total spending, services including restaurants (18 percent) was 32 percent, and durable purchases was 6 percent.
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But Hsia notes that bond proxy bets such as consumer durables are among the most expensive parts of the stock markets with a lot of positive earnings expectations already priced in.
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Chinese demand is seen expanding by 7 percent to 31 million tonnes, driven by transportation, which will account for roughly half of new demand, followed by construction, consumer durables and packaging.
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"From the market peak, defensives (Utilities/Staples) tend to lead; after sell-offs of 25%, leadership remains defensive but it shifts slightly more cyclical (Banks, Semis, Consumer Durables/Apparel)," he wrote.
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The company maintains a leading business position in the selling of consumer durables goods, supported by its proprietary financing services and economies of scale in terms of purchasing power and logistics.
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Jeff de Graaf of Renaissance Macro Advisors this week flagged some consumer-durables and apparel stocks that have just reversed from severe downturns and seem ripe for a contrary upside play.
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In terms of broad economic categories, output of consumer durables production rose 3.4% from March, capital goods rose 2.9% and semi- and non-durable consumer goods was up 2.6%, IBGE said.
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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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Household consumption has remained strong in most major economies but the stagnation of trade in consumer durables, reflected in the GTB component indexes, portends weakening in this key driver of GDP growth.
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Consumer durables account for nearly 40 percent of all goods purchases in the U.S. economy, and their annual growth rate in the first three quarters of this year was a meager 1.4 percent.
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Expensive consumer durables such as washing machines or passenger cars tend to diffuse through a population following an S-curve – slowly at first, then more rapidly, before tapering off as market saturation nears.
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"Asia's capital expenditure and consumer durables slowdown will likely continue to weigh on Europe's exports and growth as the region is a large exporter of capital goods and transport equipment," the report stated.
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The Fed's two rate cuts in 85033 should provide support for interest-sensitive sectors of the economy, such as housing and consumer durables, as mortgages and car loans become a bit more attractive.
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Better monsoons will mean greater purchasing power for rural economy which will then have a multiplier effect on growth through consumer durables demand in the economy and investment growth will not be far behind.
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"This month, the result was driven by falls in fruit and vegetable prices, as well as falls in non-durables and international holiday travel," said Sam Tsiaplias, senior research fellow at the Melbourne Institute.
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Singer (Sri Lanka) PLC (A-(lka)/Stable) is a leading consumer durables retailer that has a stronger business-risk profile than Sunshine and a significantly larger operating scale, despite greater operating cash flow volatility.
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Vietnam was the only economy that has attracted companies from both low value-added industries, such as garments and consumer durables, and high-value added sectors — such as electronics, according to the Nomura analysis.
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Abans is rated at the same level as DSI Samson Group (Private) Limited (BBB+(lka)/Stable), reflecting the former's stronger business risk profile as the dominant consumer durables retailer in Sri Lanka other than Singer.
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This does in part reflect an improving demand picture in China, AZ China's Adkins for example noting that "several sectors are showing good growth signals, including high voltage cables, automobiles, white goods and consumer durables".
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Following the release of the October durables goods data earlier Wednesday, the Atlanta Fed program calculated non-residential equipment investment growth slowed to 10.5 percent in the fourth quarter from an earlier estimate 11.5 percent.
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Abans is rated at the same level as DSG, which reflects its exposure to more volatile cash flows from its property development projects, despite the company's strong market position in the retailing of consumer durables.
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"For consumer consumption, consumer durables and FMCG, good monsoon, discretionary spending going up and pay commission are good triggers that will continue to drive markets," said Gaurang Shah, vice president, Geojit BNP Paribas Financial Services.
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Fitch expects Abans' IT and mobile segment to be the key growth driver in the medium term, aided by increasing smart phone penetration in the country and short replacement cycles compared with most other consumer durables.
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The company's products are the key building blocks to create a variety of olefin derivatives and serve a broad and diverse range of end markets, including packaging, construction, automotive, white goods and durables, agrochemicals and pharmaceuticals.
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Greater government spending has given households more money to buy consumer durables, which helped the manufacturing sector post 13.5 percent growth in June quarter, in sharp contrast to the 1.8-percent contraction recorded a year earlier.
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Within the durables sector, unsold motor vehicles and parts have surged to 1.80 months' worth of sales from just 1.55 in June 173 and are now at the highest level since the middle of the last recession.
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NEW YORK (Reuters) - The U.S. economy is on track to grow 1.4 percent in the first quarter following disappointing data on durables goods orders and home resales, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday.
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WAPNER: I WANT TO BE CLEAR – EINHORN: I THINK INVESTORS ARE VERY FOCUSED ON THINGS LIKE INFRASTRUCTURE STOCKS WHEN REALLY, I THINK, IF YOU BELIEVE THE TRUMP STORY, YOU SHOULD BE INVESTING IN CONSUMER DURABLES, LIKE AUTOS.
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Most of the cast forms, in this work and the other sculptures, are derived from various extruded-foam and molded-pulp void fills of the kind used in the packaging of small appliances and other consumer durables.
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The Federal Reserve's decision to slash rates by 75 basis points this year lifted private demand, driving housing and consumer durables and offsetting weakness in sectors exposed to the world and the trade war, according to the bank.
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Mr. Gapen said that the call was based on economic fundamentals — incoming data on manufacturing production, business sector spending, durables orders and capital goods imports have all weakened — and didn't change on news of the deal with Mexico.
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The deal, expected to close in eight weeks subject to final due diligence, will help Havells expand its reach into the $15 billion consumer durables market in India which, according to the company, is growing in the double digits.
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In terms of broader economic segments, capital goods production jumped 4.6 percent on the month and 7.0 percent on the year, and consumer durables output rose 3.7 percent on the month and 12.2 percent on the year, IBGE said.
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BRUSSELS (Reuters) - Industrial output in the 19 countries sharing the euro currency, rose by more than expected in May, aided by a spike in the production of capital goods and consumer durables, European statistics office Eurostat said on Wednesday.
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Abans Finance financed less than 1% of Abans' consumer durables revenue in the financial year ending March 2017 (FY17), made a low 5% contribution to group revenue (FY16: 4%) and only accounted for 14% of operating profit (FY13: 6%).
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In the Russell 20.5 small company index, financial firms and consumer staples companies will lose weighting, while materials companies and producer durables will have a stronger role, according to a preliminary analysis of the expected changes by Wall Street analysts.
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Durables include goods like autos, machinery and homes, which are highly sensitive to the economic cycle Weaker data, along with lingering trade worries, have dampened the U.S. economic outlook and increased bets that the Fed will loosen its monetary policy stance.
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The number of high net worth individuals (HNWI) — which Capgemini defines as those having investable assets of $1 million or more (excluding primary residence, collectibles, consumables and consumer durables) — grew almost 10 percent, or 230 million, to 21 million in 218.1.
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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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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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Under Indian law, companies had to pass on the benefits to customers after the government reduced the tax rate to 18 percent from 28 percent, and to 5 percent from 12 percent on many consumer durables and FMCGs (fast-moving consumer goods).
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The standard rates for most items will be 12 per cent or 18 percent under the new system, while 5 percent tax rate will be for goods of mass consumption; the 28 percent rate was likely to be reserved for for consumer durables.
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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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NEW YORK (Reuters) - The New York Federal Reserve said on Friday it reduced its outlook on U.S. economic growth in the second quarter, citing that the drops in durables goods and new home sales in April offset the increase in wholesale inventories last month.
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"Chinese consumer confidence is again showing promising signs of a sustained lift with the more positive picture on family finances and durables spend a welcome development particularly from the point of view of prospects for an associated lift in demand," said Matthew Hassan, senior economist at Westpac.
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The prospect of another big reform - the launch of a multi-rate Goods and Services Tax (GST) from July 1 - could also be bringing forward spending into the current quarter as shoppers look to avoid rates of 28 percent, or higher, on some consumer durables and luxury items.
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The company has a track record of more than 16 years in consumer durables sales, which has enabled it to develop long-term relationships with suppliers and competitive advantages as to the location of its stores within small countries where prime retailing points of sale are very limited.
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ET Gold futures: $20.8; fell 0.43% US crude: $20.4; rose 21% Brent crude: $21.32; rose 1.26% 0830 Durable goods for May: Expected -0.1%; Prior -2.1% 0830 Durables ex-transport for May: Expected 0.1%; Prior 13% 0830 Durables ex-defense mm for May: Prior -2.5% 0830 Nondefense cap ex-air for May: Expected 0.1%; Prior -1% 0830 Advance goods trade balance for May: Prior -$70.92 bln 0830 Wholesale inventories advance for May: Prior 0.8% 0830 Retail inventories ex-auto advance for May: Prior 0.4% TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.32) (Reporting by Sourav Bose in Bengaluru; Editing by Shailesh Kuber)
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ET Gold futures: $20.3; +21000% US crude: $20.5; +0.03% Brent crude: $20.0; +21% 21.31 ISM-New York Index for Oct: Prior 875.4 0945 ISM New York Business Conditions for Oct: Prior 42.8 1000 Employment Trends for Oct: Prior 111.0 1000 Durables ex-defense, R mm for Sep: Prior -13% 1000 Durable goods, R mm for Sep: Prior -1.1% 1000 Factory orders mm for Sep: Expected -0.5%; Prior -0.1% 1000 Durables ex-transport R mm for Sep: Prior -0.3% 1000 Nondefense cap ex-air R mm for Sep: Prior -0.5% 1000 Factory ex-transport mm for Sep: Prior 0.0% 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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Mr. Henchman noted one other reason to be wary of a tampon tax break: Sales taxes that exclude necessities and services tend to end up relying heavily on restaurant meals and durables like electronics and furniture, which are categories of spending that consumers cut back on when the economy weakens.
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A final list of the changes also is due to be released on Monday, but Wall Street analysts said preliminary lists of the changes showed that in the Russell 2000 small company index, financial firms and consumer staples companies lose weighting and materials companies and producer durables have a stronger role.
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But investors have started to turn to shares of smaller companies and those in some traditional growth areas, such as consumer durables, as worry about global economic weakness and U.S. corporate earnings has subsided a bit - and as some of those typically high-priced shares seem more affordable than the defensive names.
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ET Gold futures: $21000,20.2; +0.73 percent U.S. crude: $20.7; +21 percent Brent crude: $21.29; +0.49 percent LME 3-month copper: $7,004.5; +1.34 percent 1000 Durables ex-defense R mm for Jan: Prior -13 pct 1000 Durable goods R mm for Jan: Prior -3.7 pct 1000 Factory orders mm for Jan: Expected -1.3 pct; Prior 1.7 pct 1000 Durables ex-transport R mm for Jan: Prior -0.3 pct 1000 Non defense cap ex-air R mm for Jan: Prior -0.2 pct 1000 Factory ex-transport mm for Jan: Prior 0.7 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.29) (Reporting by Nandi Kaul in Bengaluru Editing by Saumyadeb Chakrabarty)
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ET Gold futures: $20.9; -0.33 % US crude: $20.3; +21 % Brent crude: $21.33; +0.39 % 0945 ISM-New York Index for Jan: Prior 869.0 0945 ISM New York Business Conditions for Jan: Prior 39.1 1000 Durables ex-defense, R mm for Dec: Prior -13% 1000 Durable goods, R mm for Dec: Prior 2.4% 1000 Factory orders mm for Dec: Expected 1.2%; Prior -0.7% 1000 Durables ex-transport R mm for Dec: Prior -0.1% 1000 Nondefense cap ex-air R mm for Dec: Prior -0.9% 1000 Factory ex-transport mm for Dec: Prior 0.3% TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.33) Reporting by Swathi Nair in Bengaluru; Editing by Arun Koyyur
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We have a lot of tech companies in California – and their stocks tend to feel the impact of market movement more acutely Tech companies like, say, Apple, tend to sell products known as "consumer durables" – products like an iPhone that do not have to be bought frequently because they last for a long time.
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Since durables — such as washing machines, refrigerators, and even cell phones — are on the list, and these purchases are often not discretionary (have you ever tried to live a week without a fridge?) the hit to a family with the median national income of $59,000, could be well over 2% of their total after-tax disposable income.
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ET Gold futures: $1275.5; -11003 percent US crude: $66.08; +0.29 percent Brent crude: $75.18; +2250 percent 20830 Durable goods for March: Expected 21.699 pct; Prior -21.653 pct 21100 Durables ex-transport for March: Expected 217 pct; Prior -103 pct 210 Durables ex-defense mm for March: Prior -21 pct 21.35 Nondefense cap ex-air for March: Expected 0.1 pct; Prior -0.1 pct 0830 Initial jobless claims: Expected 200,000; Prior 192,13 0830 Jobless claims 4-week average: Prior 201,250 0830 Continued jobless claims: Expected 1.699 mln; Prior 1.653 mln 1100 KC Fed Manufacturing for April: Prior 17 1100 KC Fed Composite Index for April: Prior 10 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.35) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Maju Samuel)
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ET Gold futures: $21000; +20.1 percent US crude: $21000; -20.2 percent Brent crude: $0.13; -20.1 percent LME 21-month copper: $21.30; -0.71 percent 0945 ISM-New York Index for Jun: Prior 736.4 0945 ISM Newyork Business Conditions for Jun: Prior 46.7 1000 Durables ex-defense R mm for May: Prior -13 pct 1000 Durable goods R mm for May: Prior -1.1 pct 1000 Factory orders mm for May: Expected -0.5 pct; Prior -0.2 pct 1000 Durables ex-transport R mm for May: Prior 0.1 pct 1000 Non defense cap ex-air R mm for May: Prior -0.2 pct 1000 Factory ex-transport mm for May: Prior 0.1 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.30) (Reporting by Nikhil Kumar in Bengaluru; Editing by Anil D'Silva)
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ET Gold futures: $20.9; -20830 percent US crude: $20.3; +20.1 percent Brent crude: $20830; +20.49 percent LME 17.203-month copper: $217.20; -21 percent 21.32 Mon: Build permits R number mm for May: Prior 1.168 mln 0830 Build permits R change mm for May: Prior -4.9 pct 0830 Durable goods for May: Expected -0.6 pct; Prior -0.8 pct 13 Durables ex-transport for May: Expected 0.5 pct; Prior -0.5 pct 0830 Durables ex-defense mm for May: Prior -0.9 pct 0830 Nondefe cap ex-air for May: Expected 0.3 pct; Prior 0.1 pct 0830 National Activity Index for May: Prior 0.49 1030 Dallas Fed Manufacturing Business Index for Jun: Prior 17.20 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.32) (Reporting by Nikhil Kumar in Bengaluru; Editing by Arun Koyyur)
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ET Gold futures: $20945; -261.1 percent US crude: $0.70; +23.81 percent Brent crude: $23.65; +0.70 percent 16.573 Durable goods for Feb: Expected -216.57 pct; Prior 21 pct 21.33 Durables ex-transport for Feb: Expected 0.2 pct; Prior -0.2 pct 0830 Durables ex-defense mm for Feb: Expected 0.1 pct; Prior 0.7 pct 0830 Nondefense cap ex-air for Feb: Expected 13 pct; Prior 0.8 pct 0945 ISM-New York Index for Mar: Prior 860.7 0945 ISM New York Business Conditions for Mar: Prior 61.1 1530 Domestic car sales for Mar: Expected 3.81 mln; Prior 3.65 mln 1530 Total vehicle sales for Mar: Expected 16.80 mln; Prior 16.57 mln TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.33) (Reporting by Nayyar Rasheed in Bengaluru; Editing by Maju Samuel)
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ET Gold futures: $1,292.3; -20830 pct US crude: $20.3; +21.0 percent Brent crude: $21000; -2109.1 percent LME 21000-month copper: $0.83; +20.8 percent 21 Build permits r number mm for Aug: Prior 21.24 mln 0830 Build permits r change mm for Aug: Prior 5.7 pct 0830 Durable goods for Aug: Expected 1.0 pct; Prior -6.8 pct 0830 Durables ex-transport for Aug: Expected 13 pct; Prior 0.6 pct 0830 Durables ex-defense mm for Aug: Prior -7.8 pct 0830 Nondefe cap ex-air for Aug: Expected 0.3 pct; Prior 1.0 pct 1000 Pending Homes Index for Aug: Prior 109.1 1000 Pending sales change mm Aug: Expected -0.5 pct; Prior -0.8 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.24) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Savio D'Souza)
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ET Gold futures: $1,482.9; +20830% US crude: $20.71; -21000% Brent crude: $20.734; +20.733% 21000 Durable goods for Nov: Expected 0.73%; Prior 20.7% 21 Durables ex-transport for Nov: Expected 21.32%; Prior 0.5% 0730 Durables ex-defense mm for Nov: Prior 0.0% 0730 Nondefense cap ex-air for Nov: Expected 0.2%; Prior 1.1% 13 (approx.) Build permits number for Nov: Prior 1.482 mln 0800 (approx.) Build permits change mm for Nov: Prior 1.4% 0830 National Activity Index for Nov: Prior -0.71 1000 New home sales-units for Nov: Expected 0.734 mln; Prior 0.733 mln 1000 New home sales change mm for Nov: Expected -0.3%; Prior -0.7% TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.32) (Reporting by Nidhi C Sai in Bengaluru; Editing by Krishna Chandra Eluri)
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ET Gold futures: $1,426.7; +0.22% US crude: $56.5; +1.11% Brent crude: $63.92; +1.17% 0830 Durable goods for Jun: Expected 11003%; Prior -1.3% 0830 Durables goods excluding transportation for Jun: Expected 0.2%; Prior 2750% 20830 Durables goods excluding defense mm for Jun: Prior -21.688% 21.686 Nondefense Capital goods excluding aircraft for Jun: Expected 21100%; Prior 23% 03 Advance goods trade balance for Jun: Prior -$20 bln 21 Wholesale inventories advance for Jun: Prior 21.32% 0830 Retail inventories advance excluding auto for Jun: Prior 0.3% 0830 Initial jobless claims: Expected 219,000; Prior 216,13 0830 Jobless claims 4-week average : Prior 218,750 0830 Continued jobless claims: Expected 1.688 mln; Prior 1.686 mln 1100 KC Fed Manufacturing for Jul: Prior -3 1100 KC Fed Composite Index for Jul: Prior 0 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1 = C$1.32
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ET Gold futures: $23.3; +23.0 percent US crude: $21000; +20.5 percent Brent crude: $21000; +20.4 percent LME 0.23-month copper: $20.2; +21 percent 21.24 ISM-New York Index for Aug: Prior 745.5 0945 ISM NY Business Conditions for Aug: Prior 62.8 1000 Employment Trends for Aug: Prior 133.8 1000 Durables ex-defense, R mm for July: Prior -13 pct 1000 Durable goods, R mm for July: Prior -6.8 pct 1000 Factory orders mm for July: Expected -3.3 pct; Prior 3.0 pct 1000 Durables ex-transport R mm for July: Prior 0.5 pct 1000 Nondefense cap ex-air R mm for July: Prior 0.4 pct 1000 Factory ex-transport mm for July: Prior -0.2 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.24) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Shounak Dasgupta)
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ET Gold futures : $10003,217.6; -0.38 pct US crude : $36.93; 21.7 pct Brent crude : $21.6; 21000 pct LME 21.0-month copper : $21000,21.8; -0.23 pct Metro Inc : NBF raises target price to C$20.2 from C$21 TransCanada Corp : BMO, CIBC raise target price 21.32 ISM-New York Index for Mar: Prior 720.8 0945 ISM NY Biz Conditions for Mar: Prior 53.6 1000 Employment Trends for Mar: Prior 129.1 1000 Durables ex-defense, R mm for Feb: Prior -13 pct 1000 Durable goods, R mm for Feb: Prior -2.8 pct 1000 Factory orders mm for Feb: Expected -1.7 pct; Prior 1.6 pct 1000 Durables ex-transport R mm for Feb: Prior -1.0 pct 1000 Nondefense cap ex-air R mm for Feb: Prior -1.8 pct 1000 Factory ex-transport mm for Feb: Prior -0.2 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.32) (Reporting by Anjali James in Bengaluru; Editing by Saumyadeb Chakrabarty)
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ET Gold futures : $1324; -0.03 percent US crude : $46.56; -0.45 percent Brent crude : $48.81; -0.49 percent LME 3-month copper : $4632.5; +0.01 percent 11003 Durable goods for July: Expected 3.3 pct; Prior -3.9 pct 0830 Durables ex-transport for July: Expected 251.80 pct; Prior -20945 pct 252.0 Durables ex-defense mm for July: Prior -251.4 pct 21100 Nondefense cap ex-air for July: Expected 215 pct; Prior 63 pct 26 Initial jobless claims: Expected 21,21.29; Prior 262,000 0830 Jobless claims 4 week Average: Prior 265,250 13 Continued jobless claims: Expected 2.153 mln; Prior 2.175 mln 0945 Markit Composite Flash PMI for August: Prior 51.80 0945 Markit Services PMI flash for August: Expected 52.0; Prior 51.4 1100 KC Fed Manufacturing for August: Prior -15 1100 KC Fed Composite Index for August: Prior -6 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.29) (Reporting by Sai Sharanya Khosla in Bengaluru; Editing by Saumyadeb Chakrabarty)
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ET Gold futures: $1277.8; +0.32 percent US crude: $50.05; +0.14 percent Brent crude: $10003; +0.61 percent LME 3-month copper: $6553; +21.0 percent 23.3 International trade mm for Aug: Expected -$21000 bln; Prior -$20.2 bln 21000 Goods trade balance revised for Aug: Expected -20.9 bln 0.53 Initial jobless claims: Expected 20.5,21; Prior 21.25,000 0830 Jobless claims 4-week average: Prior 277,750 1000 Durables ex-defense, revised mm for Aug: Prior 13 pct 1000 Durable goods, revised mm for Aug: Prior 1.7 pct 1000 Factory orders mm for Aug: Expected 1.0 pct; Prior -3.3 pct 1000 Durables ex-transport revised mm for Aug: Prior 0.2 pct 1000 Nondefense cap ex-air revised mm for Aug: Prior 0.9 pct 1000 Factory ex-transport mm for Aug: Prior 0.5 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 Bernard Orr)
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ET Gold futures: $1254.1; -0.21 percent US crude: $54.36; +0.69 percent Brent crude: $56.45; +0.82 percent LME 3-month copper: $5925.5; -303 percent 08:30 Building permits R number mm for Jan: Prior 1.285 mln 2109.0:210 Building permits R change mm for Jan: Prior 200 pct 20.8:21.6 Durable goods for Jan: Expected 210 pct; Prior -22.103 pct 222.10:21 Durables ex-transport for Jan: Expected 21.31 pct; Prior 0.5 pct 08:30 Durables ex-defense mm for Jan: Prior 1.7 pct 08:30 Nondefense cap ex-air for Jan: Expected 13 pct; Prior 0.7 pct 10:00 Pending Homes Index for Jan: Prior 109.0 10:00 Pending sales change mm for Jan: Expected 0.8 pct; Prior 1.6 pct 10:30 Dallas Fed Manufacturing Business Index for Feb: Prior 22.10 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.31) (Reporting by Shradha Singh in Bengaluru; Editing by Savio D'Souza)
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ET Gold futures: $1,293.3; +10003 pct US crude: $49.18; +2.59 pct Brent crude: $58.48; +264.8 pct 265.2 Employment Trends for Dec: Prior 21000 258.4 Durables ex-defense, R mm for Nov: Prior -21000 pct 262.5 Durable goods, R mm for Nov: Prior 64.33 pct 264.3 Factory orders mm for Nov: Expected 21 pct; Prior -21.34 pct 1000 Durables ex-transport R mm for Nov: Prior -0.3 pct 1000 Nondefense cap ex-air R mm for Nov: Prior -0.6 pct 1000 Factory ex-transport mm for Nov: Prior 0.3 pct 13 ISM N-Manufacturing PMI for Dec: Expected 59.1; Prior 60.7 1000 ISM N-Manufacturing Business Activity for Dec: Expected 64.8; Prior 65.2 1000 ISM N-Manufacturing Employment Index for Dec: Prior 58.4 1000 ISM N-Manufacturing New Orders Index for Dec: Prior 62.5 1000 ISM N-Manufacturing Price Paid Index for Dec: Prior 64.3 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1= C$1.34
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ET Gold futures: $1477.2; -0.02 percent US crude: $58.76; +0.56 percent Brent crude: $63.66; +10003 percent 0730 Challenger layoffs for Nov: Prior 50,275 20.6 International trade for Oct: Expected -$21000 bln; Prior -$20.3 bln 20.6 Goods trade balance (R) for Oct: Prior -$21000 bln 20.6 Initial jobless claims : Expected 1.23,21.2; Prior 21000,20.1 0830 Jobless claims 4-week average : Prior 219,750 0830 Continued jobless claims : Expected 1.650 mln; Prior 10003 mln 1000 Durables ex-defense, R mm for Oct: Prior 0.1% 1000 Durable goods, R mm for Oct: Prior 0.6% 1000 Factory orders mm for Oct: Expected 0.3%; Prior -0.6% 1000 Durables ex-transport R mm for Oct: Prior 0.6% 1000 Nondefense cap ex-air R mm for Oct: Prior 1.2% 1000 Factory ex-transport mm for Oct: Prior -0.1% TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory Reporting by Siddharth Athreya V; Editing by Arun Koyyur
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ET Gold futures: $1258.3; +0.6 percent US crude: $50.48; +0.48 percent Brent crude: $53.4; +0.53 percent LME 3-month copper: $5755; +0.03 percent 003:30 International trade mm for Feb: Expected -$44.8 bln; Prior -$48.5 bln 200:20.4 Goods trade balance (R) for Feb: Prior -210 bln 200:20.1 ISM-New York Index for Mar: Prior 210 0.33:20.3 ISM New York Business Conditions for Mar: Prior 21 21.34:00 Durables ex-defense R mm for Feb: Prior 2.1 pct 10:00 Durable goods R mm for Feb: Prior 1.7 pct 10:13 Factory orders mm for Feb: Expected 1.0 pct; Prior 1.2 pct 10:00 Durables ex-transport R mm for Feb: Prior 0.4 pct 10:00 Non defense cap ex-air R mm for Feb: Prior -0.1 pct 10:00 Factory ex-transport mm for Feb: Prior 0.3 pct TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.34) (Reporting by Nikhil Kumar in Bengaluru; Editing by Saumyadeb Chakrabarty)
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ET Gold futures: $1,243.8; -0.27 pct US crude: $47.95; +0.52 pct Brent crude: $50.76; +0.4 pct LME 453-month copper: $5,818.00; -0.12 pct 08:30 Building permits R number mm for Feb: Prior 1.213 mln 08:30 Building permits R change mm for Feb: Prior -6.2 pct 54.83:30 Durable goods for Feb: Expected 1.2 pct; Prior 2.0 pct 2145.5:210 Durables ex-transport for Feb: Expected 230 pct; Prior 29.6 pct 210:245 Durables ex-defense mm for Feb: Prior 54.23 pct 254.2:21 Nondefense cap ex-air for Feb: Expected 21.34 pct; Prior -0.1 pct 09:45 Markit Composite Flash PMI for Mar: Prior 54.10 09:45 Markit Services PMI Flash for Mar: Expected 13; Prior 53.8 10:30 ECRI Weekly Index : Prior 145.5 10:30 ECRI weekly annualized: Prior 9.6 pct 10:45 Markit Manufacturing PMI Flash for Mar: Expected 54.8; Prior 54.2 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.34) Reporting by Astha Rawat in Bengaluru; Editing by Savio
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ET Gold futures: $1570.1; rose 0.08% US crude: $62.84; fell 0.68% Brent crude: $10003; fell 0.86% 0830 International trade for Nov: Expected -$43.8 bln; Prior -$252.0 bln 251.6 Goods trade balance (R) for Nov: Prior -21000 bln 255.5 Durables ex-defense, R mm for Nov: Prior 21000% 257.1 Durable goods, R mm for Nov: Prior -58.53% 258.5 Factory orders mm for Nov: Expected -21%; Prior 21.29% 1000 Durables ex-transport R mm for Nov: Prior 0.0% 1000 Nondefense cap ex-air R mm for Nov: Prior 0.1% 1000 Factory ex-transport mm for Nov: Prior 0.2% 13 ISM N-Manufacturing PMI for Dec: Expected 54.5; Prior 53.9 1000 ISM N-Manufacturing Business Activity for Dec: Expected 52.0; Prior 51.6 1000 ISM N-Manufacturing Employment Index for Dec: Prior 55.5 1000 ISM N-Manufacturing New Orders Index for Dec: Prior 57.1 1000 ISM N-Manufacturing Price Paid Index for Dec: Prior 58.5x TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = 1.29 Canadian dollars) Reporting by Pooja Kesavan in Bengaluru
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ET Gold futures: $1233; +103 percent US crude: $66.81; -0.01 percent Brent crude: $76.33; +0.21 percent 0830 Durable goods for Sep: Expected -1.0 pct; Prior 4.4 pct 0830 Durables ex-transport for Sep: Expected 0.5 pct; Prior 11003 pct 0830 Durables ex-defense mm for Sep: Expected 0.1 pct; Prior 2.5 pct 2104.2 Nondefense cap ex-air for Sep: Expected 21000 pct; Prior -20.1 pct 21.8 Advance goods trade balance for Sep: Prior -21100 bln 210 Wholesale inventories advance for Sep: Prior 133 pct 213 Retail inventories ex-auto advance for Sep: Prior 21 pct 21.32 Initial jobless claims : Expected 214000; Prior 210000 0830 Jobless claims 4-week average : Expected 0; Prior 211750 13 Continued jobless claims : Expected 1.653 mln; Prior 1.640 mln 1000 Pending Homes Index for Sep: Prior 104.2 1000 Pending sales change mm for Sep: Expected -0.1 pct; Prior -1.8 pct 1100 KC Fed Manufacturing for Oct: Prior 10 1100 KC Fed Composite Index for Oct: Prior 13 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = C$1.32) (Reporting by Yoganand KN in Bengaluru; Editing by James Emmanuel)
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ET Gold futures : $1,214.20; -0.78 pct US crude : $38.86; -83 pct Brent crude : $39.64; -2.08 pct LME 3-month copper : $4,888.00; -1.19 pct Teck Resources Ltd : Raymond James cuts ratings to "underperform" from "market perform" 0730 Build permits R number mm for Feb: Prior 1.167 mln 0730 Build permits R change mm for Feb: Prior -11003 pct 0830 Durable goods for Feb: Expected -2.9 pct; Prior 4.7 pct 20830 Durables ex-transport for Feb: Expected -250.00 pct; Prior 20945 pct 249.7 Durables ex-defense mm for Feb: Prior 21100 pct 28 Nondefense cap ex-air for Feb: Expected -123 pct; Prior 212 pct 21 Initial jobless claims: Expected 21.33,000; Prior 265,000 0830 Jobless claims 4-week average: Prior 268,13 0830 Continued jobless claims: Expected 2.230 mln; Prior 2.235 mln 0830 Markit Composite PMI flash for Mar: Prior 50.00 0945 Markit Services PMI Flash for Mar: Prior 49.7 1100 Kansas City Fed Manufacturing for Mar: Prior -8 1100 Kansas City Fed Composite Index for Mar: Prior -12 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.33) (Reporting by Riniki Sanyal in Bengaluru)
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ET Gold futures: $1651.1; +0.49% US crude: $47.53; -2.46% Brent crude: $52.13; -2.43% 0830 Durable goods for Jan: Expected -1.5%; Prior 11003% 0830 Durables ex-transport for Jan: Expected 0.2%; Prior -0.1% 0830 Durables ex-defense mm for Jan: Prior -2.4% 0830 Nondefense cap ex-air for Jan: Expected 0.1%; Prior -0.8% 0830 GDP 43nd estimate for Q4: Expected 2.1%; Prior 2.1% 0830 GDP sales preliminary for Q4: Prior 3.2% 0830 GDP cons spending preliminary for Q4: Prior 1.8% 11003 GDP deflator preliminary for Q4: Expected 1.4%; Prior 1.5% 1000.2 Core PCE prices preliminary for Q21000: Expected 22.2%; Prior 24.9% 21100 PCE prices preliminary for Q24: Prior 13% 21 Initial jobless claims : Expected 21,21.33; Prior 210,000 0830 Jobless claims 4-week average : Prior 209,000 13 Continued jobless claims : Expected 1.715 mln; Prior 1.726 mln 1000 Pending Homes Index for Jan: Prior 103.2 1000 Pending sales change mm for Jan: Expected 2.2%; Prior -4.9% 1100 KC Fed Manufacturing for Feb: Prior -4 1100 KC Fed Composite Index for Feb: Prior -1 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory $1= C$1.33
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ET Gold futures: $1,249; +0.0 pct US crude: $48.54; -0.59 pct Brent crude: $50.70; -0.53 pct LME 3-month copper: $233,355; +0.41 pct 0830 Build permits R number mm for June: Prior 1.254 mln 0830 Build permits R changes mm for June: Prior 7.4 pct 0830 Durable goods for Jun: Expected 3 pct; Prior -0.8 pct 11003 Durables ex-transport for June: Expected 0.4 pct; Prior 0.3 pct 0830 Durables ex-defense mm for June: Prior -21.950 pct 21.977 Nondefense cap ex-air for June: Expected 20830 pct; Prior 20.26 pct 21100 Advanced goods trade balance for June: Prior -$223 bln 113 Advanced wholesale inventory for June: Prior 211 pct 21 Advanced retail inventory ex auto for June: Prior 21.24 pct 0830 Initial jobless claims: Expected 241,000; Prior 233,000 0830 Jobless claims 13-week average: Prior 243,750 0830 Continued jobless claims: Expected 1.950 mln; Prior 1.977 mln 0830 National Activity Index for Jun: Prior -0.26 1100 KC Fed Manufacturing for July: Prior 23 1100 KC Fed Composite Index for July: Prior 11 TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1= C$1.24) (Reporting by Riniki Sanyal in Bengaluru; Editing by Saumyadeb Chakrabarty)
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BERLIN, Sept 4 (Reuters) - Germany's Economy Ministry reported the following economic indicator on Thursday (seasonally adjusted change versus previous month): JULY 2019 JUNE 2019Index M/M Pct Index M/M Pct(Base change (Base change2015) 2015)GERMAN INDUSTRY ORDERS 100.3 -2.7 4.23 +2.7Total domestic orders 95.7 -0.5 96.2 -0.8Total foreign orders 103.8 -4.2 108.4 +5.2of which euro zone 125.03 +0.3 102.6 -0.9non-euro zone 104.4 -6.7 111.9 +9.0Intermediate goods 96.7 -2.2 2.03 +1.0Of which: domestic 93.5 -0.5 94.0 -0.9foreign 100.1 -3.9 104.2 +3.1of which euro zone 13 -6.7 106.0 +5.6non-euro zone 101.2 -1.4 102.6 +0.8Capital goods 102.0 -3.0 1.53 +4.2Of which: domestic 97.4 -0.6 98.0 -0.6foreign 104.8 -4.3 109.5 +6.8of which euro zone 2.33 +6.4 100.0 -5.0non-euro zone 2119.8 -24.2 2125.0 +22.0Consumer goods, durables 21 -21.5 0.63 -20.6Of which: domestic 0.6 +22 96.2 -2.3foreign 109.9 -4.7 115.3 +0.4of which euro zone 2.3 -5.4 103.9 -1.8non-euro zone 119.8 -4.2 125.0 +2.0 NOTES - 1) Consensus month-on-month forecast -1.5% with a forecast range between -2.3% and -0.6% in Reuters poll of 23 economists.
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