Three More Killed in Israeli Strikes as US Says Lebanon ‘Ceasefire’ Extended Three Weeks

Ukrainian Drone Smashes Into Russian Passenger Bus, Killing 8 Civilians The last 48 hours have seen massive, devastating Russian missile and drone attacks on the Ukrainian capital and other cities, which left at 18 dead and over 100 injured. Russia said this was in response to the Starobelsk dormitory attack of last month and other drone attacks targeting Russian territory. But Ukrainian forces have upped the ante once again, this time with a mass casualty event in Russian-control Donetsk region. "A Ukrainian drone strike killed seven people and wounded 11 others in the...

US Core Durable Goods Orders Surge For 11th Straight Month After recent string 'soft' survey data, this morning we get some 'hard' data and it's mixed...ish... Preliminary headline durable goods orders for February fell 1.4% MoM (worse than the -1.2% MoM exp). That is the third monthly decline in a row (the first 3-month decline since Nov 2019) Source: Bloomberg The monthly decline of the headline print largely reflected a decline in orders for aircraft. Boeing said it received fewer orders for its planes in February than a month earlier. On the other hand, core durable...