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Morning briefing: German exports, Japanese machinery orders show strong growth

gold.jpg

(Photo Credit: Reuters)

1. German exports fell 1.5 percent in July from the previous month, but were up 18.7 percent from a year earlier.

2. Machinery orders in Japan jumped 8.8 percent in July -- the most in seven months.

3. The dollar fell to a new 15-year low against the yen after Japan's central bank kept interest rates steady and did not take any action to control the continuing rise in the safe haven currency.

4. European Central Bank Governing Council member Axel Weber, in a speech at a banking conference, said he does not have fears of a double dip recession or deflation.

5. Gold hit a near record in London as investors continued to worry about the global recovery.

By Ariana Eunjung Cha  |  September 8, 2010; 6:28 AM ET
Categories:  *Morning briefing  
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