Hot Features
Premium
Level up your trading with our powerful tools and real-time insights all in one place.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices remained steady in October
In October, the seasonally adjusted house prices remained steady on a MoM basis in the UK, lower than market expectations for a rise of 0.20%. In the prior month, house prices had risen 0.30%.
UK house prices rose less than expected in October
The non-seasonally adjusted house prices in the UK advanced 4.60% in October on an annual basis, compared to a rise of 5.30% in the previous month. Market expectation was for house prices to rise 4.90%.
UK construction PMI registered an unexpected rise in October
Compared to a reading of 52.30 in the previous month the construction PMI rose unexpectedly to a level of 52.60 in October, in the UK. Markets were expecting the construction PMI to fall to a level of 51.80.
Euro-zone manufacturing PMI recorded a rise in October
The final manufacturing PMI rose to a level of 53.50 in the Euro-zone, in October, compared to a reading of 52.60 in the prior month. The preliminary figures had indicated an advance to 53.30. Market anticipation was for the manufacturing PMI to climb to a level of 53.30.
German number of people unemployed dropped more than expected in October
The number of people unemployed registered a drop of 13.00 K in Germany in October, more than market expectations for a fall of 1.00 K. The number of people unemployed had recorded a revised flat reading in the previous month.
German unemployment rate recorded an unexpected drop in October
The seasonally adjusted unemployment rate eased unexpectedly to a level of 6.00% in Germany, in October, compared to market expectations of an unchanged reading. Unemployment rate had registered a level of 6.10% in the previous month.
German manufacturing PMI recorded a rise in October
The final manufacturing PMI recorded a rise to 55.00 in Germany, in October, compared to a level of 54.30 in the previous month. The preliminary figures had indicated a rise to 55.10. Markets were expecting manufacturing PMI to advance to 55.10.
French manufacturing PMI rose in October
Compared to a reading of 49.70 in the prior month, the final manufacturing PMI in France climbed to 51.80 in October. The preliminary figures had recorded a rise to 51.30. Markets were anticipating manufacturing PMI to climb to a level of 51.30.
Italian manufacturing PMI fell surprisingly in October
In October, the manufacturing PMI recorded an unexpected drop to 50.90 in Italy, compared to a reading of 51.00 in the previous month. Markets were expecting the manufacturing PMI to climb to 51.40.
Spanish manufacturing PMI climbed in October
In October, the manufacturing PMI in Spain recorded a rise to 53.30, higher than market expectations of a rise to a level of 52.60. In the prior month, the manufacturing PMI had registered a level of 52.30.
Swiss UBS real estate bubble index advanced in 3Q 2016
The UBS real estate bubble index in Switzerland recorded a rise to 1.35 in 3Q 2016. In the prior quarter, the UBS real estate bubble index had recorded a level of 1.32.
Fed maintained status quo, said case for rate hike has strengthened
The US Federal Reserve (Fed), as widely expected, held the benchmark interest rate unchanged. The Fed statement indicated that the case for an increase in interest rate has continued to strengthen and that inflation was moving towards the 2.0% target. However, for the time being, policymakers decided to wait for some further evidence of continued progress in the economy.
US New York City current business condition index registered a drop in October
In October, the New York City current business condition index registered a drop to 49.20 in the US, compared to a reading of 49.60 in the prior month.
Private sector employment in the US recorded a rise in October
In the US, the private sector employment registered a rise of 147.00 K in October, compared to a revised increase of 202.00 K in the prior month. Market expectation was for the private sector employment to rise 165.00 K.
US mortgage applications dropped in the last week
Mortgage applications in the US slid 1.20% on a weekly basis, in the week ended 28 October 2016. Mortgage applications had recorded a drop of 4.10% in the previous week.
Japanese consumer confidence index declined in October
In October, the consumer confidence index in Japan dropped to 42.30, compared to market expectations of a drop to a level of 42.60. In the previous month, the consumer confidence index had registered a reading of 43.00.
Chinese Caixin/Markit services PMI index recorded a rise in October
Compared to a level of 52.00 in the prior month the Caixin/Markit services PMI index advanced to 52.40 in China, in October.
Chinese Caixin composite PMI recorded a rise in October
In October, Caixin composite PMI in China climbed to 52.90. In the previous month, Caixin composite PMI had recorded a reading of 51.40.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
