UPDATE 1-What to Watch in the Day Ahead - Tuesday, June 23

A gauge of U.S. business spending likely will show orders for long lasting U.S.-made goods slipped in May, dragged down by slower demand for transportation goods. Economists expect overall durable goods orders fell 0.6 percent. Non-defense capital goods orders are expected to have risen 0.5 percent.(0830/1230) The department will also issue May data for new home sales.(1000/1400) Separately, financial data firm Markit releases Manufacturing Purchasing Managers' Index for June, which is expected