The decline seemed to kick in around the time of publication of data on machinery orders which is a key indicator of capital expenditure. It was well below forecast, down 12.5 percent on the month. -Russell Jones

 

The decline seemed to kick in around the time of publication of data on machinery orders which is a key indicator of capital expenditure. It was well below forecast, down 12.5 percent on the month.


Comments

There are not yet any comments on this quote. Why not register / login and be the first?




This quote is just one of 9 total Russell Jones quotes in our collection. Russell Jones is known for saying 'The decline seemed to kick in around the time of publication of data on machinery orders which is a key indicator of capital expenditure. It was well below forecast, down 12.5 percent on the month.' as well as some of the following quotes.

Dollar/yen has responded to horrific weakness in data which has continued over the last business day in Japan. Machinery orders were a bit of a horror story.

Russell Jones

The decline seemed to kick in around the time of publication of data on machinery orders which is a key indicator of capital expenditure. It was well below forecast, down 12.5 percent on the month.

Russell Jones

That kicked into the equities market. Around 25 percent of bank profits come through bond holdings. If they are losing these capital gains then the banks are hit. People then started selling the yen because I think they started fearing things are not smelling too good here.

Russell Jones

The market wanted to rally, ... But I don't think anything fundamental has changed.

Russell Jones

They're shorting the yen and that's the right attitude. There's a feeling we're reaching some kind of endgame.

Russell Jones