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US: looking for a 0.4% m/m decline in factory orders – TDS

Analysts at TDS suggest that the US factory orders for October the lone data release and the market is looking for a 0.4% m/m decline.

Key Quotes

“Durable goods orders should drive the pullback in the headline print after the preliminary report showed a 1.2% decline, though markets expect this to be revised marginally higher to -1.0%. Meanwhile, the Fed enters its blackout period over the weekend, which will suppress communication ahead of the December 13th rate decision.”

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