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Japan Machine Tool Order Growth Surges Japan’s machine tool orders rose for a fifth straight month in April and the pace of growth accelerated sharply, figures from the Japan Machine Tool Builders’ Association showed Monday.
Machine tool orders grew 120.8 percent year-on-year following a 65.1 percent rise in March.
Domestic demand surged 170.3 percent and foreign orders grew 251.3 percent.
Compared to the previous month, orders decreased 3.1 percent in April after a 21.1 percent increase in February.
Orders in the domestic market fell 11.1 percent, while those for the foreign market grew 0.6 percent.
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Market Summary
by Tyler Durden
Tuesday, Apr 13, 2021 - 08:09 AM
After trading flat for much of the overnight session in anticipation of today s key event, the CPI report (due out at 830am ET), US equity futures and European markets tumbled at precisely 7am after a report that the US will pause Johnson & Johnson vaccines amid health concerns, potentially dealing a blow to efforts to reopen the world’s largest economy.
Futures on the S&P 500 fell and reopening sensitive Russell 2000 contracts lost almost 1% after the New York Times reported and FDA confirmed that the US would will call for an
immediate pause in use of Johnson & Johnson’s single-dose coronavirus vaccine after six U.S. recipients developed a rare disorder involving blood clots. All the six recipients were women between the ages of 18 and 48. One woman died and a second woman in Nebraska has been hospitalized in critical condition, the NYT reported.
Japan Machine Tool Orders Grow For Third Month
TOKYO (dpa-AFX) - Japan s machine tool orders grew for a third straight month and at a solid pace in January, preliminary data from the Japan Machine Tool Builders Association showed on Tuesday.
Machine tool orders increased 9.7 percent year-on-year after a 9.9 percent rise in December and an 8.6 percent growth in November.
The latest growth was led by a 21.6 percent surge in foreign demand. Domestic orders shrunk 10.9 percent.
On a month-on-month basis, machine tool orders decreased 10.5 percent in January. Both domestic and foreign demand declined.
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