US: Durable Goods Orders rise in April

US Durable Goods Orders rose by 0.4% MoM in April, the latest data from the US Census Bureau on Wednesday showed, below expectations for a 0.6% rise and down from March’s 0.6% MoM growth rate (which had been downwardly revised from 0.8%). The more widely followed Core Durable Goods Orders metric rose 0.3% MoM, also below expectations for a 0.6% rise and down from March’s 1.1% MoM growth rate, which had been revised lower from 1.2%.