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FXWire Pro Headline | January 28 2013 3:07 EST
Quotes from Standard Chartered:
-US December durable goods orders are likely to have ended Q4 on a positive note. We expect the headline to have increased 2.0% m/m (0.8% prior) on volatile aircraft orders. Core durable goods orders, which exclude the transportation sector, likely edged up 1.0% m/m, slower than November's 1.6% growth.
-Recent ISM manufacturing surveys indicate that new orders have weakened since the seven-month-high of 54.2 in October, as the uncertain federal spending outlook worried companies at end-2012. The ISM new orders reading was 50.3 in December, marginally above the expansionary line of 50.
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