Orders for U.S. business equipment climbed more than forecast in November, a sign corporate investment is starting to firm up. Bookings for non-defense capital goods excluding aircraft rose 0.9 percent, the most since August, after a 0.2 percent gain a month earlier, Commerce Department data showed Thursday. The median forecast in a Bloomberg survey called for a 0.4 percent increase. Demand for all durables -- items meant to last at least three years -- fell 4.6 percent on a slump in orders for planes.
Increased business sentiment about the economy following the presidential election has the potential to boost sales of productivity-enhancing equipment. Leaner inventories, resilient household demand and the longer-term prospects of more infrastructure spending may help boost durable-goods orders even as a soaring dollar risks slowing exports.
Euro is currently being traded around 1.0420 level, Sterling is below 1.23 handle, while Aussie is around 0.72 area.
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Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
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