Data issued by the US Department of Commerce a few moments ago showed a decline in durable goods orders in October by 0.5% after declining by 0.3% in September, to come below expectations that indicated a growth of about 0.2%, while core orders, excluding transportation prices, were stable. at 0.5% as production orders were affected by shipping bottlenecks.
In the third quarter, the gross domestic product rose in the revised reading or second estimates, at an annual rate of 2.1%, according to the data of the Bureau of Economic Analysis, compared to 2.0% in the preliminary estimates and less than expectations that indicated an upward revision to 2.2%, while real GDP rose by 6.7 % .
Weekly unemployment benefits fell to 199 thousand applications in the week ending on February 20, compared to 268 thousand in the previous week (expectations of 259 thousand applications), the lowest level for initial claims since 1969.
The US dollar is trading at 96.72 levels, with a slight decline, as most of the numbers came below expectations, amid anticipation of the PCE index after about an hour and the US Federal Reserve minutes at the end of the session.
05/11/2024
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