Asian stock markets traded mixed early Friday, tracking a muted finish on Wall Street last Friday and as investors digested a flurry of data from Asia’s economic giants.
Machinery orders in Japan rose 2.6 percent on-year in March, rebounding from a 0.4 percent slip in February. Month-on-month basis, core orders, which are usually regarded as an indicator of capital spending in the coming six to nine months, grew 2.9 percent, better than the 1.8 percent forecast from a Reuters poll of economists.
Meanwhile, China’s house price index fell 6.1 percent in April from the year-ago period, unchanged from March, according to Reuters calculations of Chinese official data released on Monday.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015