The second reading on Q2 US GDP is due at the top of the hour
The consensus estimate for Q2 growth is 1.1% annualized, following a 1.2% first quarter.
Those are weak numbers but there is a risk that Q2 misses on the downside after yesterday’s durable goods orders . It showed that capital goods shipments non-defense ex-air were revised lower to -0.5% from -0.2%.
