New orders for U.S. factory goods fell in May on weak demand for transportation and defense capital goods, but growing order backlogs and lean inventories suggested the worst of the manufacturing downturn was probably over.
U.S. government bond yields, the benchmark for global borrowing costs, hit an all-time low on Tuesday and the yen jumped as weak Chinese data and Brexit worries triggered a fresh scramble for the safest and most liquid assets.
The pound fell to its weakest level in three decades against the dollar, surpassing lows reached in the aftermath of Britain”s vote to leave the European Union.
Next Trading Day’s Important Events
- USDJPY: 101.54
- EURUSD: 1.1138
- S&P 500: 2,086.90
- NASDAQ : 4,815.19