Japanese data: Core machinery orders for April: +10.1% m/m (expected +2.4% m/m)

Japan's Cabinet Office with core orders for machinery (exclude those of ships and electric power utilities)

Core machinery orders for April

+10.1%

• expected +2.4% m/m, prior -3.9%

+9.6%

• expected +3.8% y/y, prior -2.4%

I mentioned earlier this was a volatile data point month to month. Yep. It is used as an indicator of future capex.

Out at the same time, data for Money Supply

M3 May: 2.70% y/y

• estimates centred on 2.80%, prior 2.80%

M2 May: 3.20%

• 3.30% & 3.30%