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German inflation data and comments from ECB's Lucas Papademos will top the macroeconomic release menu for the European session as U.S. markets prepare for durable goods, weekly oil inventories and a two-year bond auction. Canada's main releases for the day include some employment data followed by a real...
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Durable goods excluding transportation fell by 0.9% in May in the U.S. durable goods report on Wednesday, according to the Department of Commerce. Economists were expecting a 1.0% monthly decline following April's downwardly revised 1.9% increase. Total sales of durable goods came in flat as anticipated...
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The surprising 2.5% increase in April durable goods excluding transport as well as the 4.2% advance in core capital goods makes for a strong report that contrasts with the ISM manufacturing data, economists say. Eric Lascelles, senior economics and rates strategist at TD Securities, said the release...