Here Comes Durable Goods Orders...
Jul 25, 2014, 17:40 IST
We'll get the June durable goods orders report at 8:30 a.m. ET.
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Economists estimate orders climbed 0.5% in July. Nondefense capital goods orders excluding aircraft is forecasted to have climbed by 0.5%.
"Pullbacks in the volatile defense goods and civilian aircraft categories will probably restrain overall orders for a second month, but business surveys continue to point to improvement in core capital goods orders, including our MBSCI survey, which showed the highest capital spending plans of the year in June," said Morgan Stanley's Ted Wieseman. "The 0.5% rise we're forecasting for nondefense capital goods ex aircraft orders would leave them up 15% annualized in the past four months after a winter weak patch."