US: Durable goods and consumer confidence data in focus – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, suggest that the US August data showed a moderation in growth and September durable goods order data will show whether this was a one-off or if order growth is coming down further in response to global weakness.

Key Quotes

“October data for the Conference Board's measure of consumer confidence will give us valuable input about the strength of the labour market with the gauge on 'jobs plentiful' and 'jobs hard to get'. The preliminary Markit PMIs and the S&P Case Shiller House price index will also attract attention.”

“Real US capital goods orders ex aircraft and defence showed a significant increase in Q3 after a very weak run over the prior three quarters.”