Dow Jones Futures Down by 27 Points, China Has Ample Room To Cut Reserve Ratio Further

Reflected the global economic news, especially Japan and China, The U.S. major index futures are currently pointing to a modestly lower open, with the Dow futures down by 27 points. Actually Japan latest Core Machine is not so bad, Going About Slow But Steady Recovery…The U.S. labor market has of course found a footing, while the doubt is whether the footing is slippery or firm.

From Tokyo we reported, Japan Core Machine Orders Add 3.4% On Month, Core machine orders in Japan climbed a seasonally adjusted 3.4 percent on month in January, the Cabinet Office said on Monday, worth an estimated 757.8 billion yen - rising for just the second time in the last five months.

Meanwhile, from Tiongkok we reported, China Has Ample Room To Cut Reserve Ratio Further, PBoC Zhou Says, China has ample scope to reduce the banks' reserve requirement yet again, but any such move will be based on factors like foreign exchange inflows, People's Bank of China Governor Zhou Xiaochuan said Monday. Speaking at a press conference during the National People's Congress (NPC), the policymaker noted that the central bank's reserve requirement ratio (RRR) cuts in December and February were a response to the changes in the capital inflows and foreign exchange reserves, majority forex traders and investment bankers still wait and see about the next