US: Focus on durable goods and consumer sentiment today – TDS

According to analysts at TD Securities, an outsized pullback in Boeing aircraft orders will weigh heavily on the US durable goods orders in October, with TD looking for a 4.1% decline against the market consensus for -2.5% m/m.

Key Quotes

“Ex-transport orders should paint a more uplifting picture, with TD looking for a 1.1% advance while core capex orders should rise by 0.6% (market: 0.4%, 0.3%).”

“The final print of University of Michigan Sentiment will be published earlier than usual due to Thanksgiving although the market does not look for any revision to the preliminary 98.3. Inflation expectations will be closely watched after a 0.2pp increase to LT expectations in the initial reading for November.”

“Existing home sales for October round out the calendar, with the market looking for a 0.1% increase to 5.2m units.”