US durable goods orders for April 0.7% versus -0.8% expected ...Middle East

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Prior month +0.9%Durable goods orders for April 0.7% versus -0.8% expected. Prior month 0.8%Ex-transport +0.4% versus 0.1% expected. Last month 0.0%.Ex-defense MoM was 0.0% vs 1.2% last monthNondefense Cap Ex-air 0.3% vs 0.1% expected. Last month -0.2%.Shipments were up 0.4%The gain in durable goods orders was the third consecutive monthly increase. Transportation equipment – also up three consecutive months, led the increase with a 1.2% gain for the month.Of note is that this number can be quite volatile. Last month the preliminary release showed 2.6% gain in durable goods. It ended up at 0.8%. So be aware This article was written by Greg Michalowski at www.forexlive.com.

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