US: Focus on factory orders and Fed’s Mester – TDS

Analysts at TD Securities point out that in the upcoming US session, focus will be on the release of factory orders data and Fed’s Mester speak.

Key Quotes

“The Census Bureau will start to chip away at the data backlog with the release of November factory orders which are expected to rise by 0.3% with upward revisions to durable goods.”

“After the NA close we will hear from the Fed's Mester who will discuss the economic outlook at 19:30 ET.”