Analysts at TD Securities are expecting the U.S. durable goods orders to post a 1.3% MoM decrease in September (mkt: -0.7%) largely on the back of a large decline in vehicle new orders.

• “More importantly, we expect both core orders series to also disappoint in September, with durables ex-transportation and core capex orders declining -0.2% and -0.8%, respectively. Separately, the Kansas City Fed index and the preliminary Markit survey should provide additional clues regarding the performance of the manufacturing sector in October.”