October factory orders rose more than expected, up 0.6% versus expectations of flat. September orders were revised much higher, to +1.6^ from 0.9%. This is icing on the employment cake…
US equities are just below key 1120 resistance in the S&P while EUR/USD consolidates losses at 1.4945.
US Treasuries continue to rise in yield; 10 year notes are now at 3.51%, up 13 bp.
