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U.S. Durable Goods Orders

Posted on June 24, 2009 at 12:33 in News by Valeria Bednarik

First macro data report is here, and U.S. Durable Goods Orders print +1.8% from an expected -0.6% and a revised to the downside 1.7%. Core Durable Goods Orders come out at +1.1% while market was expecting a -0.2% and previous month reading also revised to the downside at 0.4%. Better than expected U.S. data triggered more optimism in markets, with European indexes and U.S. futures rising fast. Dollar and yen are loosing ground following stocks mood, with Europeans moving away form recent lows against greenback.

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