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In March, Japan's core machinery orders went down short of expectations from last month. Moreover, financial analysts foresee a dip in investment over April-June. It definitely underscors the fragile nature of Japan’s export-driven economic revival.
However, market experts tell that the data, considered as highly volatile, actually offers no signals that there might be any key changes in a moderate, though broad-based uptrend in capital expenditure in the Japanese recovering economy.
Core orders, considered to be a leading indicator of capital spending in the coming 6-9months, tacked on 1.4% in March from last month, as Cabinet Office data revealed on Wednesday. The result marked a second straight surging month, though undershot the median market forecast for a 2.1% revenue.
Companies polled by the Cabinet Office foresee that core orders, excluding those for ships as well as from electric power utilities, would go down 5.9% in the April-June period, reacting to a 1.4% dip in the first quarter.
November’s euro zone consumer price inflation was suddenly updated downwards on Monday, thus contributing to skepticism that the EU’s key financial institution won’t be able to move ahead with an interest rate lift next year…
Fed, BOJ and British MPC will make their monetary policy statements during this week. What else will move the market? Find out from the news!
In December, Germany's private sector expansion speeded down to a four-year minimum, as a survey disclosed…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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