Сonflict in Eastern Europe: Breaking Point
What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
US orders for durable goods dive more than predicted in April
In April, orders for durable goods in the United States went down by about 1.7%, although the dive almost entirely took place due to the slump in contracts for Boeing aircraft. Most enterprises gained more orders and managed to increase their investments the previous month.
Market experts predicted a dive in orders for durable goods by about 1%. These are products designed for a lifetime of three years or so.
Perhaps, the best way to judge orders is to have the adverse impact of cars and aircraft excluded. Orders, with the exception of transport, rallied by up to 0.9%, and marked the third consecutive ascend.
The dive occurred due to the fact that orders for commercial aircraft headed south by nearly 29% the previous month after a 61% ascend in March. Apparently, contracts for expensive passenger aircraft often weave from month to month and can even surpass the size of new orders.
Orders for vehicles that soared by 1.8% in April might have a similar effect.
Orders for durable goods have ascended with the exception of these two categories.
Heavy equipment turned out to be the only exception – its orders went down by 0.8%. Additionally, it was the second consecutive tumble, probably a sign that the White House announcement of steel as well as other duties had inflicted damage.
What’s more – in April, investments in the business rebounded. A closely watched measure, known as orders for fixed assets, tacked on by about 1%, thus compensating a similar dip in March.
For the last 12 months, these orders have rallied by up to 7%, becoming a sign that businesses have ramped up spending after several years of weak investment.
In fact, businesses have a huge number of reasons to invest with or without US President’s recent tax cuts.
Similar
What will move the market on February 14-18?
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The FOMC Brings New Insights for the USD
The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.
Latest news
Events to trade on August 15-19
A new week means new trading opportunities! Here are some events that can fluctuate the market actively…
USD Moves Weird Ahead of CPI
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The NFP Release: One More Punch for USD?
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.
