October 13, 2010

Japanese core machinery orders rise +10.1% Results Above View

Filed under: Uncategorized — bigcapital @ 8:41 am
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Japanese core machinery orders rise +10.1% Results Above View

Japanese core machinery orders +10.1% in August vs previous month on back of growth in manufacturing sector. Result much better than median forecast for 4.5% decline in poll of economists surveyed by Dow Jones.

“This is absolutely a surprise. The market may enjoy gains in early trade,” says Kenichi Hirano, strategist at Tachibana Securities.

Core machinery orders unexpectedly rose 10.1% in August on-month, due to growing demand from manufacturing sector. Machinery stocks higher.

Chip-related stocks higher on strong after Intel (INTC) earnings last night.


September 15, 2010

George Soros agree on Japanese Intervention

Filed under: Uncategorized — bigcapital @ 10:41 pm
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Soros Applauds Japan Intervention to Weaken Yen

Billionaire financier George Soros said on Wednesday that Japan was right to intervene in foreign exchange markets to bring down the value of the yen.

“Certainly, they are hurting because the currency is too strong so I think they are right to intervene. They had a real estate boom and then a crash in banking … It’s 20 years now, and they are still just struggling along.” Soros said at a Reuters Newsmaker event.

Japan sold yen in the market on Wednesday for the first time since 2004 and said it would do so again to prevent the currency’s rise from hurting exporters and threatening a fragile economic recovery.

Billionaire financier George Soros spoke at a Reuters Newsmaker event on Wednesday.


UPDATE: September 15, 2010 10:40 ET (14:40 GMT)

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