Previous Trading Days Events 26.03.2024

U.S. manufactured goods orders increased more than expected in February. The rebound in durable goods orders recouped some of Januarys sharp losses.

The data suggest that business equipment investment is beginning to recover, and with corporate bond yields likely to fall a little further over the coming months while manufacturing activity appears to be picking up again, we suspect that recovery has further to run, said Andrew Hunter, deputy chief U.S. economist at Capital Economics.

Orders for durable goods rose 1.4 last month, the Commerce Departments Census Bureau said. Orders advanced 1.8 on a yearonyear basis in February.

Consumers are noticing the economys resilience, though that is being eclipsed by rising worries over the upcoming election. In a separate report, the conference board said its consumer confidence index was little changed at 104.7 in March.

Recession fears continued to trend downward, said Dana Peterson, chief economist at the conference board. Meanwhile, consumers expressed more concern about the U.S. political environment compared to prior months.

Source

httpswww.reuters.commarketsususdurablegoodsordersreboundfebruary20240326

Winners vs Losers

USDCHF reaches the top of the winners list for the week as the dollar recovers. Gold remains second from the top of the months gainers list with 6.68. Silver leads with 7.97 gains.

News Reports Monitor Previous Trading Day 26 Mar 2024

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