![BT Three Minute Markets Update show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/019/989/small/bt-financial-chris-caton-market-updates.jpg)
Summary: US January durable goods report -5.2%, down from December's +3.7%, consensus expecting -4.8% - but that's misleading, as it was affected by cuts in military spending, slowdown in aircraft production and the fiscal cliff. Orders ex-transport +1.9%.