The fun won't stop after the Powerball draw - we've got Japanese economic data due today. Woo-hoo!

2350GMT - Machine Orders (Core Machinery Orders) for November

  • expected is -7.3% m/m, prior was +10.7% ... the 'expected' here is partially due to expectations of a pullback from the prior month's surge
  • expected is +6.3% y/y, prior was +10.3%

ps. Coming at 0600GMT we get 'Machine Tool Orders' for December, preliminary reading.

I've written before on these two different data points, they show similar (but not the same) things.

Machinery orders data is from the Japan Cabinet Office, it looks at the total value of machinery orders received by 280 Japanese manufacturers.

Machine Tool Orders data is from the Japan Machine Tool Builders' Association.

2350GMT also - PPI for December

  • expected is -0.4% m/m, prior was -0.1%
  • expected is -3.5% y/y, prior was -3.6%