Japan’s core machinery orders, a leading indicator of capital spending, rose for the fourth straight month in September.
Core machinery orders rose 2.9 percent on month, above expectations for a 1.9 percent decline in a Reuters poll but slower than August’s 4.7 percent increase.
Year-on-year, machinery orders rose 7.3 percent in September, above expectations for a 1.3 percent decline.
The above-view data failed to boost Japanese equities, however; Japan’s benchmark Nikkei 225 opened 0.1 percent lower shortly after the data.
This article 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 Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.