Hot Features
Premium
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone GDP advanced as expected in 3Q 2016
In the Euro-zone, the seasonally adjusted final gross domestic product (GDP) registered a rise of 0.30% in 3Q 2016 on a quarterly basis, compared to a similar rise in the previous quarter. The preliminary figures had also indicated an advance of 0.30%. Markets were anticipating GDP to climb 0.30%.
Euro-zone gross fixed capital formation rose less than expected in 3Q 2016
In the Euro-zone, the gross fixed capital formation advanced 0.20% in 3Q 2016 on a QoQ basis, less than market expectations for a rise of 0.40%. The gross fixed capital formation had risen by a revised 1.20% in the previous quarter.
Euro-zone government expenditure rose more than expected in 3Q 2016
On a quarterly basis, government expenditure registered a rise of 0.50% in the Euro-zone, in 3Q 2016, higher than market expectations for an advance of 0.40%. Government expenditure had registered a revised rise of 0.40% in the previous quarter.
Euro-zone household consumption expenditure advanced as expected in 3Q 2016
On a QoQ basis, household consumption expenditure in the Euro-zone climbed 0.30% in 3Q 2016, compared to a rise of 0.20% in the prior quarter. Market expectation was for household consumption expenditure to climb 0.30%.
Euro-zone GDP rose more than expected in 3Q 2016
In 3Q 2016, the seasonally adjusted final GDP recorded a rise of 1.70% on an annual basis in the Euro-zone, higher than market expectations for an advance of 1.60%. The preliminary figures had recorded a rise of 1.60%. In the previous quarter, GDP had risen 1.60%.
German factory orders rose more than expected in October
In October, on an annual basis, the non-seasonally adjusted factory orders advanced 6.30% in Germany, higher than market expectations for a rise of 1.60%. Factory orders had advanced by a revised 2.90% in the prior month.
German factory orders advanced more than expected in October
On a monthly basis in October, the seasonally adjusted factory orders registered a rise of 4.90% in Germany, more than market expectations for a rise of 0.60%. In the previous month, factory orders had registered a revised drop of 0.30%.
Swiss CPI dropped more than expected in November
On an annual basis, the consumer price index (CPI) eased 0.30% in Switzerland, in November, more than market expectations for a fall of 0.20%. In the previous month, the CPI had fallen 0.20%.
Swiss EU HICP fell more than expected in November
In November, on a monthly basis, the EU harmonised consumer price index slid 0.30% in Switzerland, compared to an advance of 0.10% in the previous month. Market anticipation was for the EU HICP to ease 0.10%.
Swiss EU HICP unexpectedly slid in November
The EU HICP recorded an unexpected drop of 0.20% in Switzerland on an annual basis in November, less than market expectations for a steady reading. In the previous month, the EU HICP had registered a drop of 0.30%.
Swiss CPI fell more than expected in November
In November, on a monthly basis, the CPI eased 0.20% in Switzerland, more than market expectations for a drop of 0.10%. The CPI had registered a rise of 0.10% in the prior month.
US trade deficit rose in October
Trade deficit in the US widened to $42.60 billion in October, following a revised trade deficit of $36.20 billion in the previous month. Markets were anticipating the nation to register a trade deficit of $42.00 billion.
US durable goods orders (ex transportation) advanced more than expected in October
On a monthly basis, the final durable goods orders (ex transportation) recorded a rise of 0.80% in October, in the US, compared to a revised advance of 0.20% in the prior month. Market expectation was for durable goods orders (ex transportation) to rise 0.50%. The preliminary figures had indicated a rise of 1.00%.
US non-defence capital goods orders (ex aircraft) rose in October
On a monthly basis, the final non-defence capital goods orders (ex aircraft) rose 0.20% in October, in the US. In the prior month, the non-defence capital goods orders (ex aircraft) had registered a revised drop of 1.40%. The preliminary figures had recorded an advance of 0.40%.
US non-farm business productivity rose less than expected in 3Q 2016
In the US, the final non-farm business productivity climbed 3.10% on a quarterly basis in 3Q 2016, compared to a revised fall of 0.20% in the previous quarter. Market anticipation was for the non-farm business productivity to climb 3.30%. The preliminary figures had also recorded an advance of 3.10%.
US durable goods orders advanced more than expected in October
In the US, the final durable goods orders advanced 4.60% on a monthly basis in October, higher than market expectations for an advance of 3.40%. In the prior month, durable goods orders had climbed by a revised 0.40%. The preliminary figures had recorded an advance of 4.80%.
US Redbook index recorded a rise in the last week
The Redbook index in the US rose 0.70% on a YoY basis, in the week ended 02 December 2016. The Redbook index had advanced 2.20% in the previous week.
US Redbook index climbed in the last week
The seasonally adjusted Redbook index rose 0.20% in the US on a monthly basis, in the week ended 02 December 2016. In the previous week, the Redbook index had registered a rise of 0.30%.
US factory orders rose more than expected in October
Factory orders climbed 2.70% on a MoM basis in the US, in October, compared to a revised advance of 0.60% in the previous month. Markets were anticipating factory orders to rise 2.60%.
US economic optimism index advanced in December
In the US, the economic optimism index climbed to 54.80 in December, compared to market expectations of a rise to 52.00. In the previous month, the economic optimism index had registered a level of 51.40.
US unit labour costs in non-farm businesses advanced more than expected in 3Q 2016
On a quarterly basis, the final unit labour costs in non-farm businesses in the US climbed 0.70% in 3Q 2016, compared to a revised advance of 3.90% in the prior quarter. The preliminary figures had indicated a rise of 0.30%. Markets were expecting the unit labour costs in non-farm businesses to climb 0.30%.
US non-defence capital goods shipments (ex aircraft) recorded a drop in October
In October, on a monthly basis, the final non-defence capital goods shipments (ex aircraft) dropped 0.10% in the US. The non-defence capital goods shipments (ex aircraft) had advanced 0.40% in the prior month. The preliminary figures had recorded a rise of 0.20%.
Canadian international merchandise trade deficit declined in October
The international merchandise trade deficit in Canada fell to C$1.13 billion in October, from a revised international merchandise trade deficit of C$4.38 billion in the previous month. Markets were anticipating the nation to register an international merchandise trade deficit of C$1.70 billion.
Canadian Ivey PMI steadied in November
The non-seasonally adjusted Ivey PMI remained flat at 56.50 in November, in Canada.
Canadian Ivey PMI declined unexpectedly in November
In November, the seasonally adjusted Ivey PMI fell unexpectedly to 56.80 in Canada, lower than market expectations of a rise to 60.00. In the previous month, Ivey PMI had registered a level of 59.70.
Japanese foreign exchange reserves registered a drop in November
Foreign exchange reserves dropped to $1219.30 billion in Japan, in November, compared to a level of $1242.80 billion in the previous month.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
