Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Durable goods orders disappointed in the preliminary December report, at 0.0% (cons 1.5%) after two particularly noisy prints with 5.5% in Nov and -5.1% in Oct.
- Defense capital goods orders slid a further -14.5% after -16.3%, whilst nondefense aircraft and parts have played a big role in recent volatility, with orders rising just 0.4% in Dec after +84% in Nov and -44%.
- As is often the case, more focus should be on core orders which were somewhat stronger than expected at 0.3% M/M (cons 0.1) after an upward revised 1.0% (initial 0.8%).
- In trend terms, core durable goods shipments were near flat on a 3M/3M basis, but the orders equivalent suggests some relative strength ahead with an increase of 1.5% annualized. Both extend the disconnect seen with the ISM manufacturing survey seen since 2022.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok