June Durable Goods Orders were better than expected

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This morning US markets starting unchanged from yesterday. Stock indexes at 9 am ET saw some minor gains in the DJIA and S&P, slightly weaker on the NASDAQ.

The only data today, June durable goods orders at 8:30 am. Orders in the US declined 9.3% month-over-month to $311.84 billion in June 2025, reversing an upwardly revised 16.5% jump in May, and compared to forecasts of a bigger 10.8% slide. The biggest decline was seen in orders for transport equipment (-22.4%), mostly nondefense aircraft and parts (-51.8%) and capital goods (-22.2%), mainly nondefense (-24). Excluding transportation, new orders rose 0.2% and excluding defense, orders edged up 0.1%. Core capital goods thought to be +0.2% declined 0.7%. There wasn’t much reaction to the report.

Today unless some key news drops it should be a quiet session with all focus on next week’s heavy calendar; FOMC, employment, trade deadline next Friday, Q2 GDP, PCE inflation, June personal income and spending, July consumer confidence index, final June University of Michigan consumer sentiment and Treasury auctions of 2s, 5s and 7 year notes.

At 9:30 am the DJIA opened +64, NASDAQ +4, S&P +7. 10 year at 9:30 am +2 bps from yesterday’s close. FNMA 6.0 30 year coupon at 9:30 am -3 bps from yesterday’s close and +3 bps from 9:30 am yesterday.

The biggest tariff deal now is with the EU. After next Friday unless an agreement is reached EU tariffs will be 30%. The EU said to be readying counter measures. Negotiations are going on between the US and EU.

Source: TBWS


All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.

Southern Oaks Mortgage, Inc. is a licensed Broker/Lender with the CA DRE Lic. #01458657, NMLS #237717

Jeffrey Eisenberg

President/Broker

NMLS: 236681

Southern Oaks Mortgage, Inc.

25060 Avenue Stanford, STE 255, Valencia CA

Company NMLS: 237717

Office: 661-964-2600

Cell: 661-904-5989

Email: jeff@somloans.com

Web: http://www.somloans.com

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Jeffrey Eisenberg

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President/Broker

NMLS: 236681

Cell: 661-904-5989


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