Chart of the Week: Japan machine tool orders
An often overlooked and somewhat old fashioned Japanese economic indicator speaks volumes about the increasingly depressing industrial landscape.
It has been a busy week in global macro, with Saxo Bank head of APAC macro strategy Kay Van-Petersen looking into the Turkish and Argentinian crises as well as Chinese equities. Could oversold Chinese stocks be the year's major contrarian trade?
To download your copy of Van-Petersen's latest Macro Monday update, click here.