Durable Goods Orders fell by 2%
Orders for durable U.S. goods fell a seasonally adjusted 2% in August , mostly because of lower bookings for autos and airplanes. That matched the 2 % drop forecast by economists. Orders minus transportation were flat, the Commerce Department said Thursday. Orders for core capital goods - a proxy for business investment - slipped 0.2%. Shipments of core capital goods, a category used to help determine quarterly economic growth, also fell 0.2% in August .
In the week ending September 19, the advance figure for seasonally adjusted initial claims was 267,000, an increase of 3,000 from the previous week's unrevised level of 264,000, this was in line with market forecasts. The 4-week moving average was 271,750, a decrease of 750 from the previous week's unrevised average of 272,500.
Data did not have any major impact on the markets. Euro is currently being traded around 1.1250 area, Sterling is at 1.12 handle, Aussie is few points above 0.6950 level. Later today, New Home Sales figures are scheduled for a release.
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