Here come factory orders ...
Sean Gallup/Getty Images
Factory orders are forecast to rise 2%, following a 1.5% decline in June, according to Bloomberg.
The preliminary report showed that orders for goods built to last rose 4.4% during the month. Excluding transportation orders, which are often volatile month-to-month, durable goods are estimated to rise 1.5%.
Capital goods orders for non-defence items excluding aircraft, or so-called core durable goods, were reported at 1.6% in the prior report.
After three straight quarters of contraction in business-equipment spending, a rebound in orders would boost expectations for stronger economic growth in the third quarter.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Audi to hike vehicle prices by up to 2% from June
- Kotak Mahindra Bank shares tank 13%; mcap erodes by ₹37,721 crore post RBI action
- Rupee falls 6 paise to 83.39 against US dollar in early trade
- Markets decline in early trade; Kotak Mahindra Bank tanks over 12%
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema