Durable goods orders (m/m). Earlier: -1.2% m/m, Forecast. 3.2% m/m. Currently: 3.2% m/m
Factory orders (m/m) Previously: -0.7% m/m. Forecast: 1.1% m/m. Currently: 0.9% m/m
JOLTS. Previously: 9.93m. Forecast: 9.74 million. Currently: 9.59 million (JOLTS: 2nd biggest 3M drop in job openings on record)
The labor market is clearly slowing down. There are currently nearly 1.64 newly announced jobs for every unemployed person. This is the lowest indication since October 2021. Source: Bloomberg via ZeroHedge
US500 quotations are going down dynamically after the recessionary tone of today's macro data reading. Crude oil is also behaving similarly, losing more than 3.6% at the moment.
Economic calendar: US Philly Fed and central bankers speeches in focus
BREAKING: UK manufacturing data slightly stronger than expected; GDP lags slightly
Morning wrap (16.10.2025)
Fed's Miran signals two more rate cuts this year and disinflationary process🗽