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US Core Factory Orders Unexpectedly Plunge Most In A Year
US Core Factory Orders Unexpectedly Plunge Most In A Year
Despite the latest Manufacturing PMI surging to four year highs, US Factory Orders unexpectedly dropped in June (-0.3% MoM vs +0.2% MoM expected). This is the second monthly decline in the headline print in a row, but orders remain up 7.4% YoY...
Source: Bloomberg
Worse still, Core Factory Orders (excluding Transports), dropped 0.4% MoM (dramatically missing expectations of a 0.4% MoM rise). This is the first monthly drop since October and biggest MoM decline since April 2025...
Source: Bloomberg
Orders Ex-Defense also tumbled 0.4%...
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Jun 30, 2026 / Kyle Anzalone
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Feb 20, 2026 / Tyler Durden
"We Saw It. We Passed": Blue Owl Fails To Secure Third Party Funding For $4 Billion Data Center
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Aug 31, 2026 / Tyler Durden
Iran's Pezeshkian Gets Red Carpet Treatment Alongside Putin, Xi, Modi & Erdogan At Eurasian Summit
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Given the Trump administration's shift from a military campaign against Iran to primarily one that seeks economic 'strangulation' and isolation - there's been a big diplomatic push by the White House to get regional allies on board.
But the early case remains that reactions from other Gulf allies have so far been muted, after Treasury Secretary Scott Bessent earlier confirmed that Trump has been phoning world leaders to join him in isolating Iran.
via Mehr News
But this is...
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