Consumer price inflation in September and the Consumer Sentiment for December will be released on Friday. Early trends on the U.S. Futures Index suggest that Wall Street might open moderately higher. In the Asian trading session, a softer dollar helped lift gold prices. Crude oil prices were little changed.Asian shares finished broadly up, while European shares are trading higher. As of 7.25 am ET, the Dow futures were gaining 45.00 points, the S&P 500 futures were adding 12.00 points and the Nasdaq 100 fu ...

Economic Activity - German factory orders surged in October [1] - This surge boosts the idea that Europe's biggest economy eked out growth in the final quarter [1]

The dollar index (DXY00) on Thursday rose by +0.17%.  The dollar recovered from a 5-week low on Thursday and moved higher after US weekly initial unemployment claims unexpectedly fell to a 3-year low, which was hawkish for Fed policy and positive for the dollar. The dollar initially fell to a 5-week low in overnight trade Thursday after the yen rallied following a Reuters report that the Japanese government would tolerate a BOJ rate hike later this month.  The dollar is also under pressure amid expectatio ...

Labor Market - Job openings in July came in at 7,181,000, lower than the expected 7,400,000, marking the smallest job openings number since the end of 2020 [1] Factory Orders - Factory orders for July met expectations at -13%, the strongest number since May [2] - Factory orders excluding transportation also met expectations, up 610 [2] Durable Goods - Final durable goods orders for July remained at -28%, a weak number [3] - June durable goods orders were -94%, the worst since April 2020, following a 165% increase prior to that, the best since 2014, indicating a tug-of-war possibly related to tariffs [3][4] - Transportation orders excluding air decreased from 11% mid-month to 1% [4] - Capital good orders non-defense excluding air, a proxy for capital spending, remained at 11%, the best number since May when it was up almost 2% [4][5] - Shipments were about 07% (3/4 of 1%), consistent with the mid-month read [5] Bond Market - The 10-year Treasury yield is hovering around 422%, down four basis points, and the 2-year Treasury yield is at 361%, down three basis points [5] - The 10-year Treasury yield has been in a consolidated range between 420% and 433% [6]

Factory Orders & Revisions - June factory orders declined by 48%, the weakest since January 2024 [1] - Previous month's factory orders revised upwards from 82% to 83%, marking the second-largest increase in history dating back to 1956 [2] - Excluding transportation, factory orders increased by 04%, exceeding expectations following an upward revision from 210 to 310 last month [2] Durable Goods - Durable goods orders revised downwards from -93% to -94%, representing a historically significant decrease since 1992 [3] - Excluding transportation, durable goods orders increased by 210 [3] - Aircraft orders significantly influenced the fluctuations in durable goods orders over the past two months [4] Shipments & Capital Spending - Orders decreased by 08%, the largest decline since April of this year when it was -15% [4] - This decline in orders is a negative indicator for capital spending [5] - Shipments increased by 03%, largely as expected [5] Interest Rates & Market Equilibrium - Interest rates remain stable, with the 2-year rate at 369 and the 10-year rate at 421 [5] - The market appears to be in equilibrium, awaiting further developments in the labor market and decisions from the Federal Reserve [6]

First, let's get some breaking uh economic data just crossed. Rick Santelli has that for us. Rick.Yes. And there's a lot of it. If we look at the factory orders, durable goods, let's start there.Factory orders for May up 8.2%. Up 8.2%. I have five years here. I don't have a higher number. That is a huge number.And that follows a slightly revised minus 3.7% that moves to minus 3.9%. We started out the year in single digits. It certainly seems though this is telling us that all the trade pulled forward may in ...