Japanese Machinery Orders YoY (Feb) Y/Y 24.7% vs. Exp. 8.5% (Prev. 13.7%, Low. 2.8%, High. 13.6%)
The sharp increase in Japanese machinery orders, coming in at 24.7% year-on-year versus the expected 8.5%, indicates robust demand in the capital goods sector, which is a positive sign for overall industrial activity.
[MARKET UPDATE] Asia-Pac stocks take impetus from the gains on Wall St amid continued hopes regarding US-Iran talks, with President Trump suggesting that talks could occur during next two days
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Japanese Machinery Orders YoY (Feb) Y/Y 24.7% vs. Exp. 8.5% (Prev. 13.7%, Low. 2.8%, High. 13.6%)
Anthropic reportedly receives VC funding offers as USD 800bln valuation, according to Business Insider
US President Trump says he views the war being very close to over, according to Fox News
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This significant beat also suggests potential upside for economic growth projections in Japan, which could impact commodity demand and pricing, especially in metals and mining sectors.
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