US: Trade balance and factory orders data in the limelight - BBH

Research Team at BBH, suggests that the US economic schedule picks up today with the release of trade balance and factory orders data. 

Key Quotes

“The October trade balance and factory orders (including durable goods) will inform forecasts for Q4 GDP, for which tracking models are converging a little below 3%.   Also, the upwardly revised Q3 GDP points to upward revisions in US productivity and downside pressure on unit labor costs.  That said, the data are unlikely to change investor views for next week's FOMC meeting.”