PREVIEW-US Jan durable goods orders seen up 1.5 percent

WHAT: U.S. January durable goods report

WHEN: Feb. 25 at 8:30 a.m. (1330 GMT)

REUTERS FORECAST:

The median forecast for new orders for durable goods is for
a 1.5 percent rise in January after a 1.0 percent gain in
December. Forecasts range from a drop of 0.5 percent to a gain
of 5.0 percent.

Stripping out transportation orders – which are heavily
skewed by aircraft bookings – the median forecast for new
orders for durables is for a 1.0 percent increase in January
after a 1.4 percent gain the prior month.

The median forecast for nondefense capital goods excluding
aircraft — a key component of the monthly report seen as a
gauge of business spending — is for a 0.8 percent rise in
January after a 2.2 percent gain in December.

FACTORS TO WATCH:

An increase in civilian aircraft orders likely propelled
new orders for U.S.-made durable goods in January. The expected
rise in aircraft orders comes as U.S. plane maker Boeing Co
(BA.N: ) reported that it won orders for 10 aircraft during
January, building on the 59 orders placed in December.

Excluding transportation, orders will likely rise with
gains in the two metals categories as well as tech-related
equipment.

MARKET IMPACT:

Stronger-than-expected durable goods orders would likely be
supportive for stocks and the U.S. dollar, while creating
pressure on bond prices, as it would be seen as a sign of
improving economic strength.

The impact of the orders figures could be offset, though,
by data on U.S. weekly jobless claims, released at the same
time, as market participants look for changes in the job
market, one of the weakest sectors of the U.S. economy.
(Polling by Bangalore Polling Unit)

Investment Analysis
(Reporting by Nancy Waitz and Caroline Valetkevitch; Editing
by Padraic Cassidy)

PREVIEW-US Jan durable goods orders seen up 1.5 percent