US DATA: Jun factory orders +1.8% and durables nonrev at +3.4%, about as expected. Nondurs +0.4% on oil-chemicals. Seesaw up in orders at EOQ appears the new norm but the +0.5% ex transp suggests some momentum into Q3. Inventories +0.6% and Shipments +0.5% after 2 mos of drops.

Reply · Report Post