BMO analysts said the "preliminary....>

US DATA REACT: BMO analysts said the "preliminary September durable goods orders

came in much stronger than expected at 2.2% YoY versus consensus of 1.0% of and

against a prior read of 2.0%. The ex-transportation orders rose 0.7%, besting

the 0.5% seen and the capital goods ex Defense and air oders and shipments were

stronger as well. Orders were at 1.3% versus 0.3% consensus with an upward

revision to the prior read to 1.3%."

- They add that "shipments also were much better at 0.7% versus 0.1% consensus.

Broadly a very healthy print with few categories showing outsized strength or

weakness. Non-defense aircraft orders jumped while computer shipments and new

orders were weak."