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Stock impact report

Japan's Jan machinery orders weaken as trade war hits spending plans [Reuters]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Reuters
Japan's Jan machinery orders weaken as trade war hits spending plans TOKYO (Reuters) - Japan’s machinery orders fell in January at the fastest pace in four months due to declining demand in the auto and telecommunications equipment sectors as the U.S.-China trade war dented global demand. The 5.4 percent decline month-on-month in core machinery orders, a leading indicator of capital expenditure, was more than the median estimate for a 1.7 percent decrease and followed a revised 0.3 percent decline in the previous month. It was also the fastest month-on-month decline since September last year. Economists say uncertainty over trade policy will discourage Japanese companies from increasing capital expenditure, which will act as a curb on economic growth. While the United States and China have openly sought to narrow their differences over trade, they are yet to agree to a deal that would unwind punitive tariffs and restore global trade flows. “It’s fair to say the outlook for capital exp Show less Read more
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