US July durable goods orders +4.4% vs +3.4% expected

• Prior was -3.9%
• Ex transport +1.5% vs +0.4%
• Prior ex-transportation was -0.4%
• Capital goods orders nondefense ex air +1.6% vs +0.2% expected
• Prior Capital goods orders nondef ex air vs +0.4%
• Capital goods shipments nondefense ex air -0.4% vs +0.3% exp

 Strong headline and very good internals. The only soft spot is shipments, which will be a drag on Q3 growth but it showed be covered by a stronger Aug and Sept, partly due to the jump in orders.

And of course the jobs numbers which as always I will refrain from posting as they are a farce.