As traders prepare for another important day for financial markets, Monday, August 26, 2024, is scheduled for a series of important economic data releases that could sway market trends. Most notable will be the Durable Goods Orders report, which will provide insight into the health of the manufacturing industry and trends in consumer spending. Additionally, the Atlanta Fed’s GDPNow estimate will provide a real-time forecast of economic growth, which could influence market sentiment and Federal Reserve policy expectations.
Major economic events to watch
• 8:30 AM ET – Durable Goods Orders (July): Expected 4.0%, Previous -6.6%, Measures the change in total new orders for manufactured goods that last for a long time.
Other important economic events to watch
• 8:30 AM ET – Core Durable Goods Orders (July): Expected 0.0%, last 0.5%. Excludes transportation items to get a clearer picture of orders trends.
• 10:30 a.m. ET – Atlanta Fed GDPNow: Last 2.0%, provides the latest estimate of real GDP growth based on available economic data.
Other economic events to watch
• 8:30 AM ET – Durable goods excl. defense: -7.2% last. Indicates future industrial production and production requirements.
• 8:30 AM ET – Non-Defense Capital Goods Orders Excluding Aircraft: Up 1.0% from the previous day. Focus on Non-Defense Capital Goods Orders Excluding Aircraft.
• 10:30 AM ET – Dallas Fed Manufacturing Index: Last at -17.5. Gauges factory activity in Texas.
• 11:30 a.m. ET – 3-month Treasury note auction: last 5.055%, reflecting short-term government borrowing costs.
• 11:30 a.m. ET – 6-month Treasury note auction: last 4.770%, indicating the medium-term government borrowing rate.
For more information and the latest updates, please visit our economic calendar: https://www.investing.com/economic-calendar/
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