US: Focus on durable goods orders data - TDS

Analysts at TD Securities are expecting the US durable goods orders to rebound 1.2% m/m in June, following two consecutive declines.

Key Quotes

“A welcome jump in the volatile nondefense aircraft segment (Boeing) and a rise in vehicle orders are likely to support headline growth. Although we pencil in a -0.2% m/m retreat in durable goods ex-transportation, we see scope for a small 0.2% gain in core capex orders.”