US Factory Orders MoM (Oct) M/M -1.3% vs. Exp. -1.2% (Prev. 0.2%)
US Factory Orders for October came in at -1.3%, slightly missing expectations of -1.2% and marking a significant decline from the previous month's growth of 0.2%.
EIA Expectations: Crude 1.1M, Distillate 2.2M, Gasoline 2.9M
Newsquawk European Market Wrap - 7th January 2026
US Factory Orders MoM (Oct) M/M -1.3% vs. Exp. -1.2% (Prev. 0.2%)
Russian Transport Ministry speaking on the US seizure of Russian-flagged "Marinera" tanker, says, all contact has been lost
US EQUITY OPEN: Indices contained ahead of data as geopols dominates the tape
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This data suggests a potential softening in manufacturing activity, which may have implications for economic growth forecasts and could influence monetary policy discussion going forward.
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