The yen is moving (or has been moved earlier) on the China - US trade news
Some data now, but you know the drill (unlikely to have much immediate currency impact)
Capital Spending 4.5% y/y for Q3 (a miss, but a positive is its the 8th consecutive quarter of growth)
- expected 8.5%, prior was 12.8%
Capital Spending excluding software 2.5% y/y
- expected 10.7%, prior was 17.9%
Company profits 2.2% y/y
- expected 14.0%
- prior 17.9%
Company sales for Q3 6.0% y/y
- prior 5.1%
A series of unfortunate numbers here … misses across the board despite expectations being quite a bit lower than Q2 already.
