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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
ECB held rates, revamps asset-purchase programme
The ECB, at its latest monetary policy meeting, announced a continuation of the bank’s asset-buying programme. However, a reduced pace of purchases is set to start from April next year. The current asset purchases of €80 billion a month, which ends in March 2017, will now be extended until at least December 2017 and will be cut to €60 billion a month from April 2017. Meanwhile, benchmark interest rates were left unchanged. The deposit rate was held at -0.40% with the main refinancing rate at 0.0% and the marginal lending facility at 0.25%.
French non-farm payrolls rose as expected in 3Q 2016
On a QoQ basis, the final non-farm payrolls rose 0.30% in 3Q 2016, in France, in line with market expectations. The preliminary figures had also indicated an advance of 0.30%. Non-farm payrolls had recorded a rise of 0.20% in the prior quarter.
French business sentiment index rose in November
The business sentiment index in France advanced to 101.00 in November, higher than market expectations of an advance to 100.00. The business sentiment index had registered a level of 99.00 in the previous month.
US household wealth registered a rise in 3Q 2016
Household wealth rose $1593.00 billion in 3Q 2016, in the US. In the previous quarter, household wealth had climbed by a revised $838.00 billion.
US composite leading indicator registered a rise in October
Composite leading indicator registered a rise to 99.30 in the US, in October, compared to a revised level of 99.20 in the prior month.
US initial jobless claims declined in the last week
The seasonally adjusted initial jobless claims in the US registered a drop to 258.00 K in the week ended 03 December 2016, higher than market expectations of a drop to 257.00 K. Initial jobless claims had registered a reading of 268.00 K in the previous week.
US continuing jobless claims slid in the last week
The seasonally adjusted continuing jobless claims in the US recorded a drop to 2005.00 K in the week ended 26 November 2016, lower than market expectations of a drop to 2048.00 K. In the prior week, continuing jobless claims had registered a revised reading of 2084.00 K.
Canadian housing starts registered a drop in November
The seasonally adjusted housing starts in Canada fell to a level of 184.00 K in November, compared to a revised reading of 192.30 K in the previous month. Markets were expecting housing starts to fall to 191.00 K.
Canadian capacity utilisation registered a rise in 3Q 2016
Capacity utilisation recorded a rise to 81.90% in Canada, in 3Q 2016, compared to market expectations of an advance to 81.50%. Capacity utilisation had recorded a revised reading of 79.70% in the prior quarter.
Canadian building permits rose more than expected in October
On a MoM basis, building permits climbed 8.70% in October, in Canada, compared to a revised fall of 4.60% in the previous month. Market expectation was for building permits to climb 1.50%.
Canadian new housing price index rose more than expected in October
The new housing price index registered a rise of 3.00% in Canada on a YoY basis in October, compared to a rise of 2.80% in the previous month. Market anticipation was for the new housing price index to climb 2.80%.
Canadian new housing price index rose more than expected in October
In October, on a MoM basis, the new housing price index recorded a rise of 0.40% in Canada, more than market expectations for an advance of 0.20%. In the previous month, the new housing price index had climbed 0.20%.
Japanese corporate bankruptcies eased in November
Corporate bankruptcies in Japan recorded a drop of 2.53% in November on a YoY basis. Corporate bankruptcies had dropped 7.95% in the prior month.
Japanese money supply M2+CD advanced more than expected in November
Money supply M2+CD in Japan recorded a rise of 4.00% in November on a YoY basis, compared to a rise of 3.70% in the previous month. Markets were expecting money supply M2+CD to advance 3.70%.
Japanese business survey index (BSI) of large manufacturing industries recorded a rise in 4Q 2016
In 4Q 2016, on a quarterly basis, business survey index (BSI) of large manufacturing industries advanced 7.50% in Japan. In the prior quarter, business survey index (BSI) of large manufacturing industries had registered a rise of 2.90%.
Japanese Eco Watchers Survey for current situation climbed in November
Eco Watchers Survey for the current situation registered a rise to 48.60 in Japan, in November. Eco Watchers Survey for the current situation had registered a level of 46.20 in the prior month.
Japanese M3 money supply advanced more than expected in November
In November, M3 money supply recorded a rise of 3.40% on an annual basis in Japan, higher than market expectations for an advance of 3.20%. M3 money supply had advanced by a revised 3.10% in the previous month.
Japanese Eco Watchers Survey for future outlook climbed in November
Eco Watchers Survey for the future outlook in Japan climbed to 49.10 in November. Eco Watchers Survey for the future outlook had recorded a reading of 49.00 in the previous month.
Chinese CPI advanced more than expected in November
In November, on a YoY basis, the consumer price index (CPI) registered a rise of 2.30% in China, higher than market expectations for a rise of 2.20%. The CPI had registered a rise of 2.10% in the previous month.
Chinese PPI rose more than expected in November
The producer price index (PPI) in China registered a rise of 3.30% on a YoY basis in November, higher than market expectations for a rise of 2.30%. In the prior month, the PPI had risen 1.20%.
Chinese CPI rose in November
The CPI advanced 0.10% in China on a MoM basis, in November. The CPI had registered a drop of 0.10% in the prior month.
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