FX & CFD trading involves significant risk
HSBC economist Ryan Wang says Jan durable goods data were disappointing. "For nondefense capital goods ex-aircraft, both orders (-6.9%) and shipments (-2.0%) registered significant declines. These declines come after upwardly revised gains in December: over the past two months orders are down 3.0% and shipments are still up 0.4%. The results indicate that momentum in capital spending may be weaker than what the very robust readings from recent manufacturing surveys have suggested." He sees slower momentum in the sector.
|remaining time till the new event being published|
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.