US June factory orders decline 0.3% versus 0.2% expected
US factory orders for June decreased by 0.3%, missing the expected increase of 0.2%. This decline is attributed to lower-than-anticipated demand.
The US International Trade balance for June was -$73.3B, slightly worse than the estimated -$73.0B. Meanwhile, the Canadian manufacturing PMI reached a four-year high.
Gold prices rose by $27 to $4080, and the S&P 500 increased by 2.0%, with the Nasdaq Comp up 2.8%. The AUD led currency gains, while the JPY lagged.
US 10-year yields decreased by 5.7 bps to 4.63%, and WTI crude oil fell by $4.61 to $75.73.