Highlights
US durable goods orders due at 8:30 am ET today are in focus as investors track how the industrial sector is faring in the brave new world of tariffs. Volatile aircraft orders are expected to skew the headline number again in June, this time down.
The Econoday consensus looks for total durable goods orders down a whopping 11.0 percent. Ex-aircraft is seen up 0.1 percent and core capital goods up 0.2 percent, not a bad showing. The Trump administration has been touting a very strong showing in core capital goods as evidence that its campaign to onshore manufacturing is working. Critics have been saying uncertainty over the trade regime has frozen capex. The trend in core capital goods orders bears watching.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.