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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Rightmove house price index recorded a rise in November
The Rightmove house price index registered a rise of 4.50% on an annual basis in the UK, in November. The Rightmove house price index had recorded a rise of 4.20% in the previous month.
UK construction output climbed unexpectedly in September
Construction output in the UK registered an unexpected rise of 0.20% on an annual basis in September, more than market expectations for a drop of 0.40%. In the previous month, construction output had registered a revised rise of 0.80%.
UK Rightmove house price index fell in November
On a MoM basis, the Rightmove house price index slid 1.10% in the UK, in November. In the prior month, the Rightmove house price index had risen 0.90%.
German wholesale price index rose in October
In October, on a monthly basis, the wholesale price index in Germany advanced 0.40%. In the prior month, the wholesale price index had registered a similar rise.
German HICP rose as expected in October
On a monthly basis, the final harmonised consumer price index (HICP) recorded a rise of 0.20% in Germany, in October, compared to an unchanged reading in the prior month. The preliminary figures had also recorded an advance of 0.20%. Markets were anticipating the HICP to advance 0.20%.
German CPI rose as expected in October
In Germany, the final consumer price index (CPI) advanced 0.80% on a YoY basis in October, meeting market expectations. In the prior month, the CPI had climbed 0.70%. The preliminary figures had also indicated an advance of 0.80%.
German wholesale price index climbed in October
On a YoY basis, the wholesale price index recorded a rise of 0.50% in October, in Germany. The wholesale price index had fallen 0.30% in the previous month.
German CPI advanced as expected in October
In October, the final CPI registered a rise of 0.20% in Germany on a monthly basis, in line with market expectations. In the prior month, the CPI had recorded a rise of 0.10%. The preliminary figures had also indicated an advance of 0.20%.
German HICP rose as expected in October
In October, the final HICP in Germany climbed 0.70% on an annual basis, meeting market expectations. In the prior month, the HICP had climbed 0.50%. The preliminary figures had also indicated a rise of 0.70%.
Fed’s Fischer: Case ‘Quite Strong’ for raising interest rates gradually
The Federal Reserve (Fed) Vice Chairman, Stanley Fischer, indicated that the central bank is close to achieving its dual mandate of 2.0% longer-run inflation target and maximization of employment, thus strengthening the case for a gradual rise in interest rates. However, he did not lay out the precise timing for any move and cautioned that the “future is uncertain and that monetary policy is not on a preset course.”
US Reuters/Michigan consumer sentiment index registered a rise in November
The flash Reuters/Michigan consumer sentiment index registered a rise to 91.60 in November, in the US, higher than market expectations of a rise to 87.90. The Reuters/Michigan consumer sentiment index had registered a reading of 87.20 in the prior month.
Japanese annualised GDP advanced more than expected in 3Q 2016
On a quarterly basis, the flash annualised gross domestic product (GDP) registered a rise of 2.20% in 3Q 2016, in Japan, more than market expectations for an advance of 0.80%. Annualised GDP had risen 0.70% in the previous quarter.
Japanese tertiary industry index fell less than expected in September
On a monthly basis, the tertiary industry index in Japan dropped 0.10% in September, less than market expectations for a fall of 0.20%. The tertiary industry index had recorded a flat reading in the prior month.
Japanese GDP deflator unexpectedly slid in 3Q 2016
On a YoY basis, the flash GDP deflator registered an unexpected drop of 0.10% in Japan, in 3Q 2016, less than market expectations for an advance of 0.30%. The GDP deflator had recorded a rise of 0.70% in the prior quarter.
Japanese nominal GDP registered an unexpected rise in 3Q 2016
The preliminary nominal GDP unexpectedly climbed 0.20% on a quarterly basis in Japan, in 3Q 2016, compared to a rise of 0.30% in the prior quarter. Market expectation was for nominal GDP to ease 0.10%.
Japanese GDP rose more than expected in 3Q 2016
In 3Q 2016, the preliminary GDP in Japan advanced 0.50% on a quarterly basis, compared to an advance of 0.20% in the previous quarter. Markets were anticipating GDP to rise 0.20%.
Chinese M0 money supply advanced more than expected in October
In China, M0 money supply advanced 7.20% on a YoY basis in October, higher than market expectations for a rise of 6.50%. In the prior month, M0 money supply had registered a rise of 6.60%.
Chinese aggregate financing registered a drop in October
Aggregate financing dropped to CNY 896.30 billion in October, in China, compared to a revised reading of CNY 1720.90 billion in the prior month. Market anticipation was for aggregate financing to ease to CNY 1000.00 billion.
Chinese M1 money supply advanced more than expected in October
On a YoY basis, M1 money supply climbed 23.90% in China, in October, compared to a rise of 24.70% in the prior month. Market anticipation was for M1 money supply to climb 23.50%.
Chinese new Yuan loans registered a drop in October
New Yuan loans eased to CNY 651.30 billion in October, in China, lower than market expectations of a fall to a level of CNY 672.00 billion. In the previous month, new Yuan loans had registered a level of CNY 1220.00 billion.
Chinese industrial production (YTD) advanced less than expected in October
On a YoY basis, industrial production (YTD) in China rose 6.00% in October, compared to a similar rise in the previous month. Markets were anticipating industrial production (YTD) to rise 6.10%.
Chinese retail sales (YTD) rose less than expected in October
Retail sales (YTD) rose 10.30% on an annual basis in China, in October, less than market expectations for an advance of 10.40%. Retail sales (YTD) had risen 10.40% in the prior month.
Chinese fixed assets investment excl. rural YTD rose more than expected in October
Fixed assets investment excl. rural YTD advanced 8.30% on an annual basis in China, in October, compared to an advance of 8.20% in the prior month. Markets were anticipating fixed assets investment excl. rural YTD to advance 8.20%.
Chinese retail sales advanced less than expected in October
Retail sales registered a rise of 10.00% on an annual basis in October, in China, compared to a rise of 10.70% in the previous month. Market expectation was for retail sales to advance 10.70%.
Chinese industrial production rose less than expected in October
Industrial production in China advanced 6.10% on an annual basis in October, compared to a similar rise in the prior month. Markets were anticipating industrial production to rise 6.20%.
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