The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Swiss imports fell in December
Imports dropped 8.00% on a MoM basis in Switzerland, in December. In the previous month, imports had risen by a revised 1.70%.
Swiss trade surplus declined in December
Trade surplus in Switzerland narrowed to CHF 2.54 billion in December, less than market expectations of a trade surplus of CHF 2.90 billion. Switzerland had posted a revised trade surplus of CHF 3.16 billion in the previous month.
Swiss exports declined in December
On a monthly basis, exports registered a drop of 1.40% in Switzerland, in December. In the previous month, exports had dropped by a revised 3.30%.
US CB consumer confidence index climbed in January
The CB consumer confidence index rose to a level of 98.10 in January, in the US, compared to a revised level of 96.30 in the previous month. Market anticipation was for the CB consumer confidence index to climb to a level of 96.50.
US Redbook index advanced in the last week
The Redbook index registered a rise of 1.00% on an annual basis, in the week ended 22 January 2016, in the US. In the prior week, the Redbook index had risen 1.40%.
US Markit composite PMI slid in January
Compared to a reading of 54.00 in the prior month the preliminary Markit composite PMI eased to 53.70 in January, in the US.
US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas advanced more than expected in November
In November, on a YoY basis, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas in the US registered a rise of 5.83%, higher than market expectations for an advance of 5.67%. In the prior month, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas had climbed by a revised 5.50%.
US Markit services PMI registered a drop in January
In the US, the flash Markit services PMI recorded a drop to 53.70 in January, compared to a level of 54.30 in the prior month. Market expectation was for Markit services PMI to drop to a level of 54.00.
US housing price index rose as expected in November
On a MoM basis, in the US, the housing price index climbed 0.50% in November, compared to a similar rise in the prior month. Markets were anticipating the housing price index to rise 0.50%.
US S&P/Case-Shiller composite index of 20 metropolitan areas rose more than expected in November
The seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas climbed 0.94% in the US, on a MoM basis, more than market expectations for an advance of 0.80%. The S&P/Case-Shiller composite index of 20 metropolitan areas had advanced by a revised 0.78% in the previous month.
US Richmond Fed manufacturing index slid in January
The Richmond Fed manufacturing index recorded a drop to 2.00 in the US, in January, in line with market expectations. The Richmond Fed manufacturing index had registered a level of 6.00 in the previous month.
US S&P/Case-Shiller home price index climbed in November
Compared to a revised reading of 182.75 in the previous month the S&P/Case-Shiller home price index in the US recorded a rise to 182.86 in November. Markets were expecting the S&P/Case-Shiller home price index to climb to a level of 183.09.
US Redbook index dropped in the last week
On a MoM basis, the seasonally adjusted Redbook index slid 1.40% in the US, in the week ended 22 January 2016. The Redbook index had registered a drop of 1.20% in the prior week.
Chinese industrial profits (YTD) eased in December
Industrial profits (YTD) in China eased 2.30% on a YoY basis, in December. In the previous month, industrial profits (YTD) had recorded a drop of 1.90%.
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