EMU: Services PMI picks up slightly in November

US: Durables report shows a mixed picture US durable goods orders dropped for a second straight month in October, in line with expectations. While the decline in October was somewhat softer than expected, the previous month’s figure was sharply downwardly revised (from -0.8% M/M to – 1.5% M/M). On a monthly basis, durable goods orders dropped by 0.7% M/M in October led by weakness in transportation (-4.8% M/M). Within transportation, nondefense aircraft dropped by 16.4% M/M, while vehicles and

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