Durable goods, initial jobless claims and U Mich sentiment on the docket
Finally, there is some notable US economic data to trade.
The durable goods orders report for October is due at the bottom of the hour (1330 GMT). It's forecast to rise 0.3% m/m after a 2.0% jump in the final September reading.
The key metric is capital goods orders nondefense ex air, which is forecast up 0.5% after a 1.7% rise in Sept.
The US economy has been humming along lately and data has consistently beaten expectations.
Along with durable goods, initial jobless claims are due out at the same time. The consensus is for a 240K reading compared to 249K previously. T
Later, the final U Mich November reading and weekly oil inventories are due out, followed by the FOMC Minutes as everyone scrambles to get out of the office for the four-day weekend.
For more, see the economic calendar.
