US: Focus on Durable Goods orders – TDS

Analysts at TD Securities are expecting the US durable goods to retreat in November at -1.2% MoM.

Key Quotes

“A rebound in auto orders following the end of the GM strike was probably more than offset by a plunge in the especially volatile aircraft component. We expect little change in both ex-transportation and core capex orders. Surveys have generally been signaling stalling rather than dramatic weakening in underlying trends.”