Durable goods (USD, GMT 13:30) – Durable goods orders are expected to fall -0.4% in November with a -2.0% decline for transportation orders, after a 1.1% headline rise in October that included a 2.2% transportation orders increase. Durable orders ex-transportation are pegged to rise 0.5%, after a 0.5% October increase.
Personal Income/Consumption (USD, GMT 13:30) – Personal income is expected to rise after a 0.7% October gain. We expect a 0.4% rise in compensation after a 0.5% gain, given a -0.2% November decrease for hours-worked but a 0.6% rise for hourly earnings. We expect a 0.3% rise for consumption after a 0.8% October increase. We expect the savings rate to hold at the 17-year low of 2.3%, which marks the second lowest monthly rate since the series began in 1959.
United Kingdom – Christmas – Early close at 12:30 GMT United States Stock & Bond Market – Early Close at 18:00 & 19:00 GMT respectively.
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.