PT Equityworld : Japan's Nikkei Stock Index in early trading on Wednesday (12/10/2016) opened down

PT Equityworld:Japan's Nikkei Stock Index in early trading on Wednesday (112/10) opened down, when it was observed down -99.67 points or -0.59% percent at 16925.09. A weaker Nikkei depressed Japan's core machinery orders fall.

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Japanese core machinery orders fell far less than expected in August, showing a relatively strong increase in capital expenditure that are considered essential for sustainable economic growth.

Japan's Cabinet Office data on Wednesday (12/10) showed core machinery orders, a highly volatile series of data is regarded as an indicator of capital spending in the coming six to nine months, fell 2.2 percent in August from the previous month.

A weaker Wall Street overnight also to negative sentiment for the movement of the Japanese stock exchange this morning.

As for the Nikkei index futures tracked down -90.00 points or -0.53% at 16.920, down compared to the previous closing at 17.010.

Analyst Vibiz Research Center forecast for the next trading, the Nikkei index may decline to weak economic data. But will also observe the movement of the Yen. Technically, the Nikkei index will move within the range of 16.419 to 15.946 Support and Resistance range from 17.434 to 17.959.