US: Durable goods and initial jobless claims awaited - TDS

Research Team at TDS, suggests that the US durable goods orders are expected see a sizeable rebound due to a sharp increase in Boeing orders in August.

Key Quotes

“TD looks for an above-consensus print of +4.2% m/m for the headline index, while ex-transportation and core orders should advance by +0.4% m/m and +0.2% m/m respectively. The market consensus is for a softer 3.5% m/m print on the headline index while consensus estimates for the ex-transportation and core metrics are in line with TD’s forecast.

Initial jobless claims are expected to remain range bound, with the consensus calling for a slight increase to 265k for the week ending August 20 while TD looks for a push higher to 271k. The Kansas City Fed Index will be released later in the morning, with both TD and the market calling for an improvement from -6 to -2 in August.”