New durable goods orders for April..........>

US DATA: New durable goods orders for April dropped by -17.2%, the largest m/m

decline since July 2014 when new orders fell by -18.4%. The drop was not as deep

as the -19.3% expected by markets but still marks one of the worst reports on

record. March durable goods orders were revised down to -16.6% (previously

-14.4%). Excluding transportation, new orders fell -7.4%, better than the

expected -15.0% decrease. April's decline saw pressure from motor vehicles and

parts, which fell by -52.8%. The report did not include data on new orders for

nondefense aircraft and parts due to a negative denominator in that entry, the

Census Bureau's report said. Last month, Boeing's orders were negative, seeing

more cancellations than bookings.