Japan Capital expenditure for Q1: +4.3% y/y (expected -5.0%) 0 (0)

Japan data from January to March 2020
– Capital spending +4.3% y/y vs. expected -5.0% y/y, prior -3.5%
– Capital spending excl. software +3.5% y/y vs. expected -5.5% y/y, prior -5.0%
Some handy beats for capex in Q1. Looking ahead, that epic drop in company profits does not auger well for Q2 capex. Profits biggest drop since Q3

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Broad indices squeeze higher as sanctions on China are less than feared 0 (0)

Dow has best performance in 7 weeks. Second straight week of gains for the major indices
The major US stocks and see some squeeze higher into the close as sanctions on China are less than feared.  The NASDAQ led the way with a gain of 1.29%. The Dow ended lower as investors shifted back to the technology growth stocks. 

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