US factory orders rebounded as expected in June

FXStreet (Mumbai) - The data released by the US census bureau on Tuesday showed the factory orders rose 1.8% as expected from the 1.0% drop seen in May.

Orders for durable goods, products meant to last at least three years, advanced 3.4% in June. Orders for nondurable goods edged up 0.4%. US factory orders ex-transport rose to the highest level since June 2014.

Meanwhile, IBD/TIPP Economic Optimism index for August printed at 46.9 vs. 47.8 expected.