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26 Apr 2016
US: Durable goods and consumer confidence in the limelight - Rabobank
Stefan Koopman, Market Economist at Rabobank, suggests that the March’s U.S. durable goods orders are expected to rise 1.9% on the month following a large rebound in aircraft orders.
Key Quotes
“The actual shipments data will probably just as closely watched, as these provide one of the last bits of input for Thursday’s Q1 GDP figure.
The Conference Board’s measure of consumer confidence is expected to edge lower, from 96.2 to 94.0, on the back of an increase in energy and gasoline prices. On the other hand, the Dow Jones index surged from 16,000 to just above 18,000 in only two months’ time, significantly brushing up household balance sheets (for the asset-rich, at least). Nevertheless, by past standards, 95.6 is still consistent with a solid rise in private consumption.”
Key Quotes
“The actual shipments data will probably just as closely watched, as these provide one of the last bits of input for Thursday’s Q1 GDP figure.
The Conference Board’s measure of consumer confidence is expected to edge lower, from 96.2 to 94.0, on the back of an increase in energy and gasoline prices. On the other hand, the Dow Jones index surged from 16,000 to just above 18,000 in only two months’ time, significantly brushing up household balance sheets (for the asset-rich, at least). Nevertheless, by past standards, 95.6 is still consistent with a solid rise in private consumption.”