Guardian Stockbrokers Key Economic News Thursday 12 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 average earnings excluding bonus advanced less than expected in the July-September 2015 period

In the July-September 2015 period, on an annual basis, the average earnings excluding bonus in the UK recorded a rise of 2.50%, less than market expectations for an advance of 2.60%. The average earnings excluding bonus had recorded a rise of 2.80% in the June-August 2015 period.

UK house price balance climbed in October

House price balance recorded a rise to 49.00 in the UK, in October, compared to a level of 44.00 in the prior month. Markets were expecting house price balance to climb to a level of 45.00.

UK average earnings including bonus rose less than expected in the July-September 2015 period

In the UK, the average earnings including bonus advanced 3.00% on an annual basis in the July-September 2015 period, less than market expectations for an advance of 3.20%. In the June-August 2015 period, the average earnings including bonus had registered a similar rise.

Employment in the UK registered a rise in the July-September 2015 period

In the UK, employment advanced by 177.00 K in the July-September 2015 period, following an advance of 140.00 K in the June-August 2015 period. Market expectation was for employment to rise 120.00 K.

UK ILO unemployment rate eased surprisingly in the July-September 2015 period

The ILO unemployment rate recorded an unexpected drop to a level of 5.30% in the UK, in the July-September 2015 period, compared to a level of 5.40% in the June-August 2015 period. Markets were expecting the ILO unemployment rate to record a flat reading.

Number of unemployment benefits claimants in the UK advanced in October

The number of unemployment benefits claimants climbed by 3.30 K in the UK, in October, compared to market expectations of an advance of 1.40 K. Number of unemployment benefits claimants had registered a revised increase of 0.50 K in the previous month.

UK claimant count rate remained unchanged in October

In October, the claimant count rate remained flat at 2.30% in the UK, in line with market expectations.

German wholesale price index recorded a drop in October

The wholesale price index dropped 1.60% on a YoY basis, in October, in Germany. The wholesale price index had fallen 1.80% in the previous month.

German wholesale price index eased in October

The wholesale price index recorded a drop of 0.40% on a monthly basis in Germany, in October. The wholesale price index had recorded a drop of 0.60% in the prior month.

US mortgage applications registered a drop in the last week

Mortgage applications recorded a drop of 1.30% in the US on a weekly basis, in the week ended 06 November 2015. Mortgage applications had registered a drop of 0.80% in the previous week.

Japanese domestic corporate goods price index dropped more than expected in October

On a MoM basis in October, the domestic corporate goods price index dropped 0.60% in Japan, higher than market expectations for a drop of 0.40%. The domestic corporate goods price index had registered a revised similar fall in the previous month.

Foreign investors became net buyers of Japanese bonds in the previous week

The foreign investors were net buyers of ¥56.00 billion worth of Japanese bonds in the week ended 06 November 2015, from being net buyers of ¥710.50 billion worth of Japanese bonds in the prior week.

Japanese corporate loans & discounts recorded a rise in September

On a YoY basis, corporate loans & discounts advanced 2.87% in Japan, in September. In the prior month, corporate loans & discounts had risen 3.07%.

Japanese machinery orders rose more than expected in September

On a MoM basis, in September, machinery orders advanced 7.50% in Japan, higher than market expectations for an advance of 3.30%. In the prior month, machinery orders had dropped 5.70%.

Japanese investors turned net sellers of foreign stocks in the previous week

The Japanese investors turned net sellers of ¥34.00 billion worth of foreign stocks in the week ended 06 November 2015, as compared to being net buyers of ¥173.00 billion worth of foreign stocks in the prior week.

Japanese domestic corporate goods price index declined more than expected in October

In Japan, the domestic corporate goods price index eased 3.80% in October on a YoY basis, higher than market expectations for a fall of 3.50%. The domestic corporate goods price index had registered a revised drop of 4.00% in the prior month.

Japanese machinery orders dropped less than expected in September

The machinery orders eased 1.70% in Japan, on an annual basis in September, less than market expectations for a fall of 4.60%. In the prior month, machinery orders had registered a drop of 3.50%.

Japanese machine tool orders fell in October

On a YoY basis, the flash machine tool orders dropped 23.10% in Japan, in October. Machine tool orders had recorded a drop of 19.10% in the prior month.

Japanese investors remained net buyers of foreign bonds in the previous week

Japanese investors remained net buyers of ¥1034.70 billion worth of foreign bonds in the week ended 06 November 2015, from being net buyers of ¥882.80 billion worth of foreign bonds in the prior week.

Foreign investors became net buyers of Japanese stocks in the previous week

Foreign investors remained net buyers of ¥170.40 billion worth of Japanese stocks in the week ended 06 November 2015, from being net buyers of ¥187.10 billion worth of Japanese stocks in the previous week.

Japanese average office vacancies in Tokyo advanced in October

On a monthly basis, average office vacancies in Tokyo rose 4.46% in Japan, in October. Average office vacancies in Tokyo had advanced 4.53% in the prior month.

Chinese retail sales advanced more than expected in October

On a YoY basis, retail sales registered a rise of 11.00% in October, in China, more than market expectations for an advance of 10.90%. Retail sales had recorded a rise of 10.90% in the previous month.

Chinese retail sales (YTD) rose as expected in October

The retail sales (YTD) registered a rise of 10.60% on a YoY basis in October, in China, in line with market expectations. In the prior month, retail sales (YTD) had risen 10.50%.

Chinese industrial production advanced less than expected in October

Industrial production in China registered a rise of 5.60% on a YoY basis in October, lower than market expectations for an advance of 5.80%. In the prior month, industrial production had advanced 5.70%.

Chinese industrial production (YTD) rose less than expected in October

In October, on a YoY basis, industrial production (YTD) in China climbed 6.10%, lower than market expectations for a rise of 6.20%. Industrial production (YTD) had climbed 6.20% in the previous month.

Chinese fixed assets investment excl. rural YTD rose as expected in October

On a YoY basis, fixed assets investment excl. rural YTD registered a rise of 10.20% in October, in China, in line with market expectations. In the prior month, fixed assets investment excl. rural YTD had risen 10.30%.

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