Orders for business equipment unexpectedly fell in May by the most in three months, pointing to weakness in investment even before the likely damage to confidence stemming from U.K. voters' decision to leave the European Union. Orders for non-military capital goods excluding aircraft, a proxy for future business investment in items like computers, engines and communications gear, declined 0.7 percent after falling 0.4 percent in April.
Shipments of such business equipment, used in calculating gross domestic product, fell 0.5 percent after climbing 0.6 percent Total bookings for durable goods -- or those meant to last at least three years -- slumped a more-than-expected 2.2 percent (forecast was 0.5 percent drop).
Euro is currently being traded few points above 1.11 level, Sterling is around 1.36 handle, while Aussie is at 0.74 area.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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