MARKET UPDATES
The Australian dollar weakened because of the bigger-than-expected unemployment rate…
Japan September export surge slows modestly
In September, Japan's export surge slowed for the first time in three months, as official data reported on Thursday. It’s an evident sign that overseas demand for Japanese goods might be taking a breather.
The 14.1% year-on-year soar in exports turned to be less than the median forecast for a 14.9% surge and also less than August’s 18.1% leap that was the fastest surge for nearly four years.
Market experts actually expect Japan's exports to start ascending at a faster tempo because demand for Japanese goods picks up on the way to the year-end shopping season. Another reason is that a dipping yen enhances export competitiveness that should back economic surge.
Some experts state that the given slowdown in export surge is temporary. According to data measuring manufacturing activity in overseas economies, the world’s number three economy happens to be in the middle of an expansionary stage. Exports are going to keep backing the country’s economy, as financial analysts hope.
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On Tuesday, the improved market sentiment supported risky assets such as stocks, emerging-market currencies, and crude oil.
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