On tap for Friday: April durable....>

US DATA PREVIEW: On tap for Friday: April durable goods new orders; Q2 St. Louis

and NY Fed Real GDP Nowcasts.

- Barclays forecast overall durable goods orders "to move down 1.0% m/m in April

following March's robust 2.6% gain. We expect a good portion of the April

weakness to be focused in the volatile transportation category, given data

showing a falloff in nondefense aircraft orders at Boeing from March's solid

readings."

- Morgan Stanley forecast durable goods orders excluding transportation

equipment "to fall by 1.1% in April, given the soft print in durable goods

manufacturing in the April industrial production report. Overall durable goods

orders, are set to print a considerable 3.1% decline in our forecasts, following

a 1.0% increase in March."