Guardian Stockbrokers Key Economic News Friday 20 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 advanced less than expected in October

Retail sales in the UK rose 3.80% in October on an annual basis, compared to a revised rise of 6.20% in the prior month. Market expectation was for retail sales to advance 4.50%.

UK retail sales dropped more than expected in October

In the UK, retail sales fell 0.60% in October on a monthly basis, more than market expectations for a drop of 0.50%. In the previous month, retail sales had advanced by a revised 1.70%.

UK balance of firms reporting total order book above normal advanced in November

In November, the balance of firms reporting total order book above normal in the UK registered a rise to -11.00, compared to market expectations of an advance to -10.00. In the prior month, the balance of firms reporting total order book above normal had recorded a reading of -18.00.

UK CBI trends selling prices climbed in November

CBI trends selling prices registered a rise to -2.00 in November, in the UK, compared to a reading of -7.00 in the previous month. Market expectation was for CBI trends selling prices to advance to a level of -6.00.

ECB signalled expanding QE in December

The European Central Bank (ECB) in its accounts of the late October meeting indicated that the central bank officials were concerned that their stimulus measures, despite their magnitude, hadn’t been able to achieve their ultimate objective in terms of inflation rates. Weakness in emerging market, low energy prices and uncertainties about the Fed’s rate trajectory might have kept the ECB’s measures from being less effective in boosting inflation, the minutes stated. Against this background, the board has considered to step up the asset purchase programme and a reduction in the already negative deposit rate in its December meeting.

Euro-zone current account surplus rose in September

In September, the non-seasonally adjusted current account surplus in the Euro-zone expanded to €33.10 billion, following a revised current account surplus of €14.60 billion in the prior month.

Euro-zone current account surplus rose in September

The seasonally adjusted current account surplus in the Euro-zone expanded to €29.40 billion in September, following a revised current account surplus of €18.70 billion in the prior month. Markets were anticipating the region’s a current account surplus to drop to €18.30 billion.

Italian current account surplus widened in September

Current account surplus in Italy expanded to €1.43 billion in September. Italy had posted a current account surplus of €1.39 billion in the prior month.

Swiss imports climbed in October

In October, on a monthly basis, imports in Switzerland climbed 3.50%. Imports had recorded a rise of 2.60% in the previous month.

Swiss exports climbed in October

Exports registered a rise of 5.40% on a MoM basis, in October, in Switzerland. In the previous month, exports had climbed by a revised 2.30%.

Swiss trade surplus widened in October

Trade surplus in Switzerland rose to CHF 4.16 billion in October, from a revised trade surplus of CHF 3.25 billion in the prior month. Markets were anticipating the country’s trade surplus to rise to CHF 3.40 billion.

US Philadelphia Fed manufacturing index advanced in November

Philadelphia Fed manufacturing index recorded a rise to 1.90 in November, in the US, compared to market expectations of an advance to -0.50. Philadelphia Fed manufacturing index had recorded a reading of -4.50 in the prior month.

US initial jobless claims declined in the last week

In the week ended 14 November 2015, the seasonally adjusted initial jobless claims in the US registered a drop to 271.00 K, compared to market expectations of a fall to 270.00 K. Initial jobless claims had recorded a reading of 276.00 K in the prior week.

US continuing jobless claims recorded a drop in the last week

The seasonally adjusted continuing jobless claims recorded a drop to 2175.00 K in the week ended 07 November 2015, in the US, higher than market expectations of a drop to a level of 2167.00 K. In the previous week, continuing jobless claims had recorded a revised reading of 2177.00 K.

US leading indicator rose more than expected in October

In the US, leading indicator registered a rise of 0.60% on a MoM basis in October, higher than market expectations for an advance of 0.50%. Leading indicator had dropped by a revised 0.10% in the prior month.

Canadian wholesale sales unexpectedly declined in September

On a monthly basis, wholesale sales registered an unexpected drop of 0.10% in Canada, in September, compared to a revised flat reading in the previous month. Markets were expecting wholesale sales to climb 0.20%.

Japanese all industry activity index unexpectedly declined in September

The all industry activity index unexpectedly fell 0.20% on a monthly basis in Japan, in September, compared to a revised drop of 0.10% in the prior month. Market anticipation was for the all industry activity index to climb 0.20%.

Japanese machine tool orders dropped in October

In October, on a YoY basis, the final machine tool orders dropped 22.90% in Japan. Machine tool orders had fallen 19.10% in the prior month. The preliminary figures had recorded a fall of 23.10%.

Japanese Tokyo department store sales climbed in October

In Japan, Tokyo department store sales rose 7.40% on a YoY basis, in October. Tokyo department store sales had risen 4.90% in the prior month.

Japanese nationwide department store sales registered a rise in October

In October, on a YoY basis, nationwide department store sales advanced 4.20% in Japan. In the previous month, nationwide department store sales had recorded a rise of 1.80%.

Chinese leading economic index climbed in October

The leading economic index recorded a rise of 0.60% on a monthly basis in China, in October. In the prior month, the leading economic index had registered a rise of 1.60%.

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