Main Items:
- US Capital Goods Orders, Nondefense, Ex-Air declined -1.5% in July vs -1.6% exp and -0.4% prev
- US DGO Ex Transportation improved to 0.7% in July vs -0.5% exp and 0.1% prev.
- Moody’s downgraded Japan one notch overnight to Aa3, the same as S&P, with a stable outlook.
Overseas:
- German IFO Business Climate Index dropped to 108.7 in Aug vs 111 exp and 112.9 prev.
Commentary:
- None