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Durable Goods New Orders Seen.......>

US DATA PREVIEW
US DATA PREVIEW: Durable Goods New Orders Seen -0.7%; Ex-Transport -0.2%
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-Sept. orders expected -0.7% (Bloomberg median) after +0.2% in Aug. Would be
first decline in four months.
-GM-UAW strike beginning Sept. 15 caused production to fall and ISM Mfg Index
contracted again in Sept. to 47.8 from 49.1 in Aug. Rising Boeing orders (25
Sept. vs 6 Aug.) may offset some of the drag on headline new orders. 
-Sept. ex-transport orders expected -0.2% (Bloomberg median) from +0.5% in Aug.
as other sectors feel effects of ongoing GM strike. Would be 2nd decline in 3
months.
-Continued trade policy uncertainty and declining mfg output and investment
should keep Sept. new orders low.