Later today, ECB Pres. Lagarde will be speaking
The US factory orders for September will be released at 10 AM ET today. The expectations are for -0.4% vs a -0.1% loss in August. Part of factory orders is Durable goods orders which had the preliminary report released back on October 24th. That report showed a loss of -1.1% vs -0.7% estimate. The expectations is still at -1.1%. Other details of the report include:
- capital goods orders nondefense ex air came in at -0.5% in the preliminary. No estimate.
- Capital goods shipments nondefense ex air -0.7%
- durables ex transportation estimate-0.3% versus -0.3% in the preliminary
Later this afternoon at 1:30 PM ET/1830 GMT, ECB Pres. Christine Lagarde will be speaking in Berlin.