Some positive info for Japan's economy. Admittedly from a couple of months back:
Japan Core Machinery Orders for September 2025 +11.6% y/y
expected +5.4%, prior +1.6%
+4.2% m/m
- expected +2.0%, prior -0.9%)
Some positive info for Japan's economy. Admittedly from a couple of months back:
Japan Core Machinery Orders for September 2025 +11.6% y/y
expected +5.4%, prior +1.6%
+4.2% m/m
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PBOC sets USD/ CNY central rate at 7.0872 (vs. estimate at 7.1121)
Goldman Sachs expects oil prices to fall through 2026 due to a supply surge that could leave a 2 mbpd surplus. Brent is seen averaging $56 and WTI $52 in 2026. Sees rebound from 2027 as underinvestment curbs supply, Brent returning to $80 by 2028.
AUD is barely moved after the in line wages data from Australia. Wages growth was in line with both market and Reserve Bank of Australia expectations.
PBOC is expected to set the USD/CNY reference rate at 7.1121 – Reuters estimate
Equity and AI-hardware sentiment will hinge on whether Nvidia can exceed above-guidance expectations and deliver a confident Q4 outlook, with any softness likely to spark a sector-wide pullback. Report due November 19.
Australian data: Westpac Leading Index for October 2025 +0.11% m/m (prior –0.03%) The much-watched 6 month annualised growth rate stepped higher
Japan: September Core machinery orders +4.2% m/m (expected +2.5%) & +11.6^% y/y (v. +5.4%) Encouraging data
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