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2 Jun 2015
US factory orders expected to increase – TDS
FXStreet (Barcelona) - The TD Securities Team expects US factory orders to increase to 1.5% in April and auto sales to rebound to 16.80M.
Key Quotes
“Today should be a relatively slow news day in the US following the firmer ISM manufacturing and weaker personal spending reports released earlier in the week. We will nevertheless look to April factory orders (which will contain revisions to recently firmer durable goods data) to increase 1.5% during the month as consensus expectations point to a 0.1% decline.”
“May vehicle sales are expected to rebound to 16.80M from 16.46M, with the market looking for a stronger rebound to 17.00M.”
“Fed Governor Brainard will make remarks on monetary policy during the morning.”
Key Quotes
“Today should be a relatively slow news day in the US following the firmer ISM manufacturing and weaker personal spending reports released earlier in the week. We will nevertheless look to April factory orders (which will contain revisions to recently firmer durable goods data) to increase 1.5% during the month as consensus expectations point to a 0.1% decline.”
“May vehicle sales are expected to rebound to 16.80M from 16.46M, with the market looking for a stronger rebound to 17.00M.”
“Fed Governor Brainard will make remarks on monetary policy during the morning.”