This morning, the U.S economy released its Durable Goods Orders index for the month of April where it fell by 3.6%; wrose than the expected drop of 2.5% and the prior revised estiamte of 4.4%.

Durable Goods Orders Excluding Transportation also declined by 1.5% which is lower the median estimates of 0.5%, and worse than prior revised rise of 2.5%.