The Durable goods requests report showed mixed data, both in relation to the expectation and in relation to the previous month. The The main indicator registered a fall of 0.1%, which was less than the 0.3% of the market consensus. In June there was a rise of 0.8% (revised down from 0.9%).
The orders without regard to defense they registered a 1.2% decline, which was surprising as an increase of 0.4% was expected. Without considering transportation there was an increase of 0.7%, higher than the 0.5% expected and the June data was revised from 0.3% to 0.6%. Without taking into account defense, or aviation, it did not change compared to June, which was below the 0.5% increase of the market consensus.
The dollar it extended the moderate bullish run that it had been bringing before the data was released. The focus is on the speech of Jerome Powell, the chairman of the Federal Reserve near the end of the week.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
