Performance Chart
Markets

Japan data: October Machinery Orders +4.1% m/m (expected +1.1%, prior -3.3%)

Japan's Cabinet Office publish private sector machinery orders (excluding volatile ship and power equipment)

+4.1% m/m

  • expected +1.1%, prior -3.3%
  • Indicates a pick up in capex to come (in around 6-9 months)
  • Having said that, this is a volatile data point
  • But ... if capital expenditure does pick up it's a good sign for growth. Capex had fallen in Q3

-5.6% y/y

  • expected -4.9%, prior +4.3%-

Also, Japan PPI for November:

+0.4% m/m

  • expected +0.3%, prior -0.1%

-2.2% y/y

  • expected -2.3%, prior -2.7%

--

ps. Stay tuned later this week for the Bank of Japan Tankan report

  • Indicates business sentiment
  • Economists expect the mood among big manufacturers improved to 10 (was 6 prior)
  • Citing a rebound in exports 9the weaker yen assisting here ... but now its rebounding that could be an issue going forward)
  • For large non-manufacturers, survey shows sentiment is expected to have improved to 19 (previously 18)

Last week we go the Reuters Tankan

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx