HSBC: US durable goods orders likely to decline 0.6% in Jan

HSBC analysts are expecting that the US headline durable goods orders are expected to decline 0.6% mom in Jan, after being supported by commercial jet orders in Dec.

Key Quotes

“Underlying orders continue to be relatively soft amid global growth worries, lingering trade tensions & fading fiscal stimulus but are expected to tick up 0.1 ppts to 0.2% mom.”