Daily
Market Color
05/17/2013
Economic
Reports &Headlines
March’s machine orders in Japan
last night blew past analysts’ estimates on a month over month basis, 14.2% Vs
3.0%.
On the domestic front, The
University of Michigan Consumer Sentiment report came in higher than expected,
83.7 Vs 78.0.
According to a Reuters report,
Shinzo Abe plans to spend $687 billion dollars annually on domestic
private-sector investment. He also stated that he plans to double farm exports
and triple infrastructure exports.
Future
Reports
On Monday we have one report that
merits attention which is the Reserve Bank of Australia minutes from its most
recent meeting. The minutes have a two week lag.
Trade
Once again, stocks are rallying
and the Yen is falling. Economic reports should have a greater affect risk
assets moving forward.
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