Japanese Machinery Orders YoY (Jan) Y/Y 13.7% vs Exp. 10.5% (Prev. 16.8%)
The stronger-than-expected rise in Japanese machinery orders, coming in at 13.7% year-over-year versus the anticipated 10.5%, indicates robust capital investment and potentially strengthens the outlook for Japan's economic recovery.
[MARKET UPDATE] Asia-Pac stocks decline as the region follows suit to the losses stateside where the major indices suffered amid higher oil prices and yields following energy infrastructure attacks in the Middle East and hawkish Powell comments
HSBC (5 HK) mulls deep job cuts from multi-year AI-fuelled overhaul
Japanese Machinery Orders YoY (Jan) Y/Y 13.7% vs Exp. 10.5% (Prev. 16.8%)
US President Trump's administration is considering deploying thousands of additional US troops to the Middle East as Trump weighs Iran next steps, according to sources cited by Reuters
Iranian official says explosions that hit several facilities in Iran’s Asaluyeh natural-gas complex haven’t led to any restrictions on natural-gas supplies, according to state media cited by WSJ
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However, given the previous month's figure of 16.8%, the slight deceleration raises questions about sustainability, which could impact expectations for future growth and Bank of Japan policy adjustments.
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