Guardian Stockbrokers Key Economic News Tuesday 10 Nov 2015

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK retail sales across all sectors surprisingly eased in October

Retail sales across all sectors in the UK recorded an unexpected drop of 0.20% on a YoY basis in October, compared to a rise of 2.60% in the previous month. Markets were expecting retail sales across all sectors to advance 0.80%.

Euro-zone investor confidence index rose in November

In the Euro-zone, the investor confidence index recorded a rise to 15.10 in November, compared to a reading of 11.70 in the previous month. Markets were anticipating the investor confidence index to advance to a level of 13.10.

German exports rose more than expected in September

In September, on a MoM basis, the seasonally adjusted exports in Germany climbed 2.60%, compared to a drop of 5.20% in the previous month. Market anticipation was for exports to advance 2.00%.

German current account surplus rose in September

In September, the non-seasonally adjusted current account surplus in Germany rose to €25.10 billion, compared to a revised current account surplus of €13.30 billion in the previous month. Market expectation was for the nation to register a current account surplus of €21.90 billion.

German trade surplus widened in September

The seasonally adjusted trade surplus in Germany rose to €22.90 billion in September, from a revised trade surplus of €15.40 billion in the prior month. Market anticipation was for the country’s trade surplus to widen to €20.00 billion.

German imports rose more than expected in September

In September, on a monthly basis, the seasonally adjusted imports in Germany climbed 3.60%, more than market expectations for a rise of 1.00%. Imports had recorded a revised drop of 3.20% in the previous month.

French business sentiment index rose surprisingly in October

The business sentiment index in France rose unexpectedly to 99.00 in October, compared to a revised level of 98.00 in the prior month. Markets were anticipating the business sentiment index to record a flat reading.

US composite leading indicator slid in September

In September, composite leading indicator in the US dropped to -0.04, compared to a reading of -0.03 in the previous month.

Canadian housing starts eased in October

In October, the seasonally adjusted housing starts in Canada registered a drop to 198.10 K, compared to market expectations of a fall to 200.00 K. Housing starts had registered a revised reading of 231.30 K in the previous month.

Japan posted (BOP basis) trade surplus in September

Trade surplus in Japan recorded a reading of ¥82.30 billion in September, following a (BOP basis) trade deficit of ¥326.10 billion in the prior month. Market expectation was for the nation to post a (BOP basis) trade surplus of ¥85.30 billion.

Japanese bank lending ex-trust advanced less than expected in October

In Japan, bank lending ex-trust registered a rise of 2.50% in October on an annual basis, less than market expectations for an advance of 2.60%. In the previous month, bank lending ex-trust had advanced by a revised 2.70%.

Japanese current account surplus fell in September

Japan has registered the non-seasonally adjusted current account surplus of ¥1468.40 billion in September, from a current account surplus of ¥1653.10 billion in the prior month. Markets were anticipating the nation to post a current account surplus of ¥2154.00 billion.

Japanese bank lending including trusts rose less than expected in October

In October, on a YoY basis, bank lending including trusts rose 2.50% in Japan, less than market expectations for a rise of 2.60%. In the previous month, bank lending including trusts had advanced 2.60%.

Japanese adjusted (total) current account surplus dropped in September

Adjusted (total) current account surplus in Japan dropped to ¥776.20 billion in September, following an adjusted (total) current account surplus of ¥1590.10 billion in the prior month. Market anticipation was for the country’s adjusted (total) current account surplus to narrow to ¥1500.00 billion.

Chinese consumer price index dropped more than expected in October

In October, the consumer price index in China fell 0.30% on a monthly basis, higher than market expectations for a fall of 0.20%. The consumer price index had advanced 0.10% in the prior month.

Chinese consumer price index rose less than expected in October

In October, the consumer price index in China registered a rise of 1.30% on an annual basis, compared to a rise of 1.60% in the previous month. Markets were expecting the consumer price index to rise 1.50%.

Chinese producer price index fell as expected in October

On a YoY basis, the producer price index in China dropped 5.90% in October, compared to a similar fall in the previous month. Markets were anticipating the producer price index to drop 5.90%.

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