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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK total trade deficit expanded in September
In September, total trade deficit in the UK widened to £5.22 billion, compared to a revised total trade deficit of £3.77 billion in the previous month. Markets were anticipating the nation to post a total trade deficit of £3.95 billion.
UK trade deficit expanded in September
Non-EU trade deficit in the UK widened to £3.97 billion in September, following a revised trade deficit of £3.29 billion in the previous month. Market expectation was for the nation’s trade deficit to widen to £3.45 billion.
UK visible trade deficit rose in September
Visible trade deficit in the UK rose to £12.70 billion in September, compared to a revised visible trade deficit of £11.15 billion in the previous month. Market anticipation was for the nation’s visible trade deficit to expand to £11.36 billion.
UK house price balance advanced surprisingly in October
Compared to a revised reading of 18.00 % in the prior month house price balance climbed unexpectedly to 23.00 % in October, in the UK. Market anticipation was for house price balance to record a flat reading.
French business sentiment index remained steady in October
The business sentiment index in France remained steady at a level of 99.00 in October. Market anticipation was for the business sentiment index to record a steady reading.
US mortgage applications declined in the last week
In the week ended 04 November 2016, on a weekly basis, mortgage applications in the US dropped 1.20%. Mortgage applications had registered a similar fall in the previous week.
US composite leading indicator steadied in September
Composite leading indicator in the US remained unchanged at 99.00 in September.
US wholesale inventories rose less than expected in September
On a monthly basis, the seasonally adjusted final wholesale inventories recorded a rise of 0.10% in September, in the US, compared to a revised drop of 0.10% in the previous month. The preliminary figures had indicated an advance of 0.20%. Markets were anticipating the wholesale inventories to rise 0.20%.
BoJ: Timing of 2.0% CPI target remains a contentious issue
As per the Bank of Japan’s (BoJ) latest summary of opinions report, not all policymakers believe that the central bank’s inflation target is attainable within the projected period. The BoJ has predicted the year-on-year consumer price index to reach its 2.0% target around fiscal 2018.
Japanese investors became net buyers of foreign bonds in the previous week
Japanese investors remained net buyers of ¥604.90 billion worth of foreign bonds in the week ended 04 November 2016, from being net buyers of a revised ¥892.30 billion worth of foreign bonds in the previous week.
Japanese machinery orders fell more than expected in September
In September, machinery orders slid 3.30% in Japan on a monthly basis, more than market expectations for a drop of 2.00%. In the previous month, machinery orders had dropped 2.20%.
Japanese Eco Watchers Survey for future outlook rose surprisingly in October
In October, Eco Watchers Survey for the future outlook in Japan advanced unexpectedly to 49.00, compared to market expectations of a fall to a level of 47.80. Eco Watchers Survey for the future outlook had recorded a level of 48.50 in the previous month.
Japanese machinery orders rose more than expected in September
In September, machinery orders in Japan rose 4.30% on a YoY basis, compared to a rise of 11.60% in the previous month. Markets were anticipating machinery orders to advance 3.70%.
Japanese money supply M2+CD advanced more than expected in October
In October, money supply M2+CD climbed 3.70% on a YoY basis in Japan, higher than market expectations for a rise of 3.60%. In the previous month, money supply M2+CD had recorded a revised rise of 3.50%.
Japanese M3 money supply advanced more than expected in October
In October, M3 money supply climbed 3.20% on a YoY basis in Japan, more than market expectations for an advance of 3.10%. In the previous month, M3 money supply had risen by a revised 3.00%.
Foreign investors remained net sellers of Japanese bonds in the previous week
Foreign investors remained net sellers of ¥6.20 billion worth of Japanese bonds in the week ended 04 November 2016, as compared to being net sellers of ¥267.80 billion worth of Japanese bonds in the previous week.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥183.30 billion worth of foreign stocks in the week ended 04 November 2016, as compared to being net buyers of a revised ¥205.30 billion worth of foreign stocks in the prior week.
Foreign investors turned net sellers of Japanese stocks in the previous week
Foreign investors turned net sellers of ¥106.40 billion worth of Japanese stocks in the week ended 04 November 2016, from being net buyers of ¥108.90 billion worth of Japanese stocks in the previous week.
Japanese Eco Watchers Survey for current situation advanced surprisingly in October
Eco Watchers Survey for the current situation in Japan recorded an unexpected rise to a level of 46.20 in October, higher than market expectations of a fall to a level of 44.40. In the previous month, Eco Watchers Survey for the current situation had recorded a level of 44.80.
Japanese average office vacancies in Tokyo rose in October
Average office vacancies in Tokyo climbed 3.64% in Japan on a MoM basis, in October. Average office vacancies in Tokyo had climbed 3.70% in the prior month.
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