Japan’s core machinery orders fall 0.6% in May from the previous month<\/p>\n
Japan’s core machinery orders\u00a0fell 0.6% in May from the previous month on a seasonally adjusted basis<\/a>, according to data released by the country’s Cabinet Office on Monday.<\/p>\n While that came in slightly better than the 1.5% contraction estimated by economists in a Reuters poll, it followed April’s decline of 9.1%.<\/p>\n Core machinery orders by the domestic private sector, which exclude volatile items like ships and electric power, are regarded as a key gauge of capital expenditure and reflect business confidence in buying more machinery and equipment.<\/p>\n On a year-on-year basis, core orders\u00a0grew\u00a04.4%, beating the 3.4% rise forecasted, LSEG data showed.<\/p>\n Meanwhile, the total value of machinery orders received by 280 manufacturers operating in Japan increased by 3.8% in May from the month before on a seasonally adjusted basis, government data showed.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Singapore\u2019s economy grows 4.3% in second quarter, beating expectations<\/p>\n Singapore’s economy grew at 4.3% year over year in the second quarter of the year, accelerating from 3.9% in the first quarter and beating expectations.<\/p>\n The advance figure was higher than the 3.5% forecasted by Reuters.<\/p>\n On a quarter-on-quarter basis, Singapore’s GDP grew by 1.4%, a turnaround from the 0.5% contraction last quarter.<\/p>\n Read the full story, here<\/a>.<\/p>\n \u2014 Lim Hui Jie<\/p>\n Asia-Pacific markets open mixed<\/p>\n Asia-Pacific markets started the day mixed Monday.<\/p>\n As of 8.10 a.m. Singapore time, Japan’s Nikkei 225<\/a> benchmark lost 0.33% while the broader Topix index ticked down 0.21%.<\/p>\n In South Korea, the\u00a0Kospi<\/a>\u00a0index was up 0.22% while the small-cap Kosdaq moved up 0.19%.<\/p>\n Over in Australia, the\u00a0S&P\/ASX 200<\/a> benchmark was down 0.1%.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Here are the opening calls for the day<\/p>\n Good morning from Singapore.<\/p>\n Investors will be keeping a close watch on a slew of data points today, including India’s inflation reading for June and Singapore’s second quarter growth rate.<\/p>\n Economists polled by Reuters expect India’s consumer price inflation reading to come in at 2.5% year on year, from 2.82% the month before.<\/p>\n Meanwhile, Singapore’s economy is forecast to grow by 3.5% year on year in the second quarter, compared to 3.9% in the previous quarter.<\/p>\n Japan’s benchmark\u00a0Nikkei 225<\/a>\u00a0was set to open lower, with the futures contract in Chicago at 39,345 while its counterpart in Osaka last traded at 39,500, against the index’s Friday close of 39,569.68.<\/p>\n Futures for Hong Kong’s\u00a0Hang Seng index<\/a>\u00a0stood at 24,088, pointing to a weaker open compared to the HSI’s last close of 24,139.57.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a>\u00a0was also set to start the day lower with futures tied to the benchmark at 8,548, compared with its last close of 8,580.10.<\/p>\n \u2014 Amala Balakrishner<\/p>\n U.S. futures slip after Trump announces 30% tariffs on the EU and Mexico<\/p>\n Fri, Jul 11 20254:08 PM EDT<\/p>\n Major averages all close week lower<\/p>\n The major stock averages all fell on Friday, closing lower for the week.<\/p>\n On Friday, the Dow Jones Industrial Average<\/a> lost 279.13 points, or 0.63%, and ended at 44,371.51. The S&P 500<\/a> shed 0.33%, finishing at 6,259.75, while the Nasdaq Composite<\/a> shed 0.22% to settle at 20,585.53.<\/p>\n \u2014 Lisa Kailai Han<\/p>\n","protected":false},"excerpt":{"rendered":"Japan’s core machinery orders fall 0.6% in May from the previous month Japan’s core machinery orders\u00a0fell 0.6% in…\n","protected":false},"author":3,"featured_media":63679,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[8002,8000,4740,7992,7998,133,64,81,77,144,3748,8001,7994,3348,7995,135,143,7997,147,6769,145,7996,6043,7991,67,132,68,7993,7999,137],"class_list":{"0":"post-63678","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-arm-holdings-plc","9":"tag-asia-economy","10":"tag-australia","11":"tag-australian-dollar-us-dollar-fx-spot-rate","12":"tag-breaking-news-asia","13":"tag-breaking-news-markets","14":"tag-business","15":"tag-business-news","16":"tag-donald-j-trump","17":"tag-dow-jones-industrial-average","18":"tag-dxy-us-dollar-currency-index","19":"tag-economic-events","20":"tag-hang-seng-index","21":"tag-ice-brent-crude-apr23","22":"tag-kospi-index","23":"tag-markets","24":"tag-nasdaq-composite","25":"tag-nikkei-225-index","26":"tag-nvidia-corp","27":"tag-prices","28":"tag-sp-500-index","29":"tag-sp-asx-200","30":"tag-shanghai","31":"tag-shenzhen-component-index","32":"tag-united-states","33":"tag-unitedstates","34":"tag-us","35":"tag-usd-jpy","36":"tag-world-markets","37":"tag-wti-crude-mar23"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/63678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=63678"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/63678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/63679"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=63678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=63678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=63678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}