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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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ForexLive Americas FX news wrap: Trump goes easy on China 0 (0)

Forex news for North American trade on May 29, 2020:
Markets:
– Gold up $14 to $1732
– WTI crude oil up $1.28 to $35.00
– US 10-year yields down 4.3 bps to 0.65%
The main event of the day was China and Trump’s planned announcement to retaliate for the Hong Kong security law. That kept markets on edge and

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