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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK claimant count rate remained unchanged in November
The claimant count rate remained steady at 2.30% in the UK, in November. Markets were anticipating the claimant count rate to remain unchanged.
UK average earnings excluding bonus advanced as expected in the August-October 2016 period
The average earnings excluding bonus registered a rise of 2.60% in the UK, on a YoY basis in the August-October 2016 period, meeting market expectations. In the July-September 2016 period, the average earnings excluding bonus had recorded a rise of 2.40%.
UK ILO unemployment rate steadied in the August-October 2016 period
In the August-October 2016 period, the ILO unemployment rate in the UK remained steady at 4.80%. Markets were anticipating the ILO unemployment rate to record a flat reading.
Number of unemployment benefits claimants in the UK advanced in November
Number of unemployment benefits claimants in the UK climbed by 2.40 K in November, compared to a revised gain of 13.30 K in the prior month. Markets were expecting number of unemployment benefits claimants to advance 6.50 K.
Employment in the UK declined surprisingly in the August-October 2016 period
Employment recorded an unexpected drop of 6.00 K in the UK, in the August-October 2016 period, less than market expectations of an advance of 50.00 K. Employment had recorded a gain of 49.00 K in the July-September 2016 period.
UK average earnings including bonus advanced more than expected in the August-October 2016 period
The average earnings including bonus rose 2.50% on a YoY basis in the UK, in the August-October 2016 period, higher than market expectations for a rise of 2.30%. In the July-September 2016 period, the average earnings including bonus had advanced by a revised 2.40%.
Euro-zone industrial production unexpectedly dropped in October
In October, the seasonally adjusted industrial production in the Euro-zone unexpectedly dropped 0.10% on a MoM basis, compared to a revised fall of 0.90% in the prior month. Markets were anticipating industrial production to advance 0.10%.
French CPI (ex-tobacco) remains steady in November
In November, on a monthly basis, the final consumer price index (CPI) (ex-tobacco) in France remained unchanged, at par with market expectations. In the prior month, the CPI (ex-tobacco) had registered a flat reading. The preliminary figures had also indicated an unchanged reading.
French EU normalised CPI remained flat in November
The final EU normalised CPI remained unchanged on a monthly basis in November, in France, meeting market expectations. EU normalised CPI had registered a flat reading in the prior month. The preliminary figures had recorded a fall of 0.10%.
Italian CPI recorded a drop in November
On a MoM basis, the final CPI fell 0.10% in November, in Italy. The CPI had registered a similar fall in the prior month. The preliminary figures had also indicated a drop of 0.10%.
Italian EU normalised CPI advanced in November
In Italy, the final EU normalised CPI recorded a rise of 0.20% in November, on a MoM basis. The EU normalised CPI had registered a similar rise in the prior month. The preliminary figures had indicated a drop of 0.20%.
Swiss producer and import price index declined less than expected in November
On a YoY basis in November, the producer and import price index registered a drop of 0.60% in Switzerland, less than market expectations for a drop of 0.70%. In the previous month, the producer and import price index had registered a drop of 0.20%.
Swiss economic expectations index registered a rise in December
In December, the economic expectations index advanced to 12.90 in Switzerland. In the prior month, the economic expectations index had registered a reading of 8.90.
Swiss producer and import price index unexpectedly climbed in November
In November, the producer and import price index unexpectedly climbed 0.10% in Switzerland on a monthly basis, higher than market expectations for a drop of 0.10%. The producer and import price index had registered a similar rise in the previous month.
Fed raised key interest rate, adopts a more hawkish stance for 2017
The Federal Reserve’s (Fed) interest-rate setting committee lifted the benchmark interest rate by a quarter point for the second time in a decade to a range of 0.50% to 0.75%, citing falling unemployment rate and rising wages in the US. The committee now expects three rate hikes in 2017, a more aggressive stance from two in September.
US retail sales Control Group rose less than expected in November
In November, retail sales Control Group in the US registered a rise of 0.10% on a monthly basis, lower than market expectations for an advance of 0.30%. In the previous month, retail sales Control Group had advanced by a revised 0.60%.
US producer price advanced more than expected in November
In November, on a monthly basis, producer price recorded a rise of 0.40% in the US, compared to a flat reading in the previous month. Markets were anticipating producer price to advance 0.10%.
US manufacturing production fell less than expected in November
In the US, manufacturing production fell 0.10% on a monthly basis in November, less than market expectations for a fall of 0.20%. In the prior month, manufacturing production had recorded a revised rise of 0.30%.
US producer price (ex-food & energy) advanced more than expected in November
On a MoM basis, producer price (ex-food & energy) in the US registered a rise of 0.40% in November, more than market expectations for an advance of 0.20%. In the prior month, producer price (ex-food & energy) had fallen 0.20%.
US producer price advanced more than expected in November
On a YoY basis, in November, producer price registered a rise of 1.30% in the US, higher than market expectations for an advance of 0.90%. Producer price had recorded a rise of 0.80% in the prior month.
US advance retail sales rose less than expected in November
On a MoM basis in the US, advance retail sales registered a rise of 0.10% in November, lower than market expectations for a rise of 0.30%. In the previous month, advance retail sales had climbed by a revised 0.60%.
US capacity utilisation dropped in November
Capacity utilisation recorded a drop to 75.00% in November, in the US, lower than market expectations of a fall to 75.10%. Capacity utilisation had recorded a revised level of 75.40% in the previous month.
US industrial production fell more than expected in November
On a MoM basis, in November, industrial production fell 0.40% in the US, more than market expectations for a fall of 0.30%. Industrial production had climbed by a revised 0.10% in the previous month.
US retail sales (ex-auto & gas) advanced less than expected in November
In November, on a monthly basis, retail sales (ex-auto & gas) registered a rise of 0.20% in the US, lower than market expectations for an advance of 0.40%. In the prior month, retail sales (ex-auto & gas) had recorded a revised rise of 0.50%.
US mortgage applications registered a drop in the last week
In the US, mortgage applications fell 4.00% in the week ended 09 December 2016 on a weekly basis. In the previous week, mortgage applications had dropped 0.70%.
US retail sales ex-autos rose less than expected in November
On a MoM basis, in the US, retail sales ex-autos registered a rise of 0.20% in November, compared to a revised rise of 0.60% in the previous month. Markets were anticipating retail sales ex-autos to rise 0.40%.
US producer price (ex-food & energy) rose more than expected in November
On a YoY basis, producer price (ex-food & energy) rose 1.60% in November, in the US, higher than market expectations for an advance of 1.30%. Producer price (ex-food & energy) had risen 1.20% in the previous month.
Canadian house price index climbed in November
In Canada, the house price index climbed 0.20% on a MoM basis, in November. The house price index had climbed 0.30% in the prior month.
Japanese investors turned net buyers of foreign bonds in the previous week
Japanese investors turned net buyers of ¥267.40 billion worth of foreign bonds in the week ended 09 December 2016, as compared to being net sellers of a revised ¥891.50 billion worth of foreign bonds in the previous week.
Japanese capacity utilisation recorded a rise in October
Capacity utilisation recorded a rise of 1.40% on a MoM basis, in October, in Japan. Capacity utilisation had registered a drop of 2.00% in the prior month.
Foreign investors became net buyers of Japanese bonds in the previous week
Foreign investors remained net buyers of ¥731.00 billion worth of Japanese bonds in the week ended 09 December 2016, from being net buyers of ¥658.20 billion worth of Japanese bonds in the prior week.
Japanese industrial production remained unchanged in October
On a monthly basis, the final industrial production remained flat in October, in Japan. Industrial production had risen 0.60% in the prior month. The preliminary figures had recorded an advance of 0.10%.
Japanese investors remained net sellers of foreign stocks in the previous week
Japanese investors remained net sellers of ¥61.30 billion worth of foreign stocks in the week ended 09 December 2016, from being net sellers of a revised ¥76.60 billion worth of foreign stocks in the prior week.
Japanese industrial production dropped in October
The final industrial production slid 1.40% on an annual basis, in October, in Japan. Industrial production had advanced 1.50% in the prior month. The preliminary figures had recorded a fall of 1.30%.
Foreign investors remained net buyers of Japanese stocks in the previous week
Foreign investors were net buyers of ¥278.40 billion worth of Japanese stocks in the week ended 09 December 2016, as compared to being net buyers of a revised ¥403.40 billion worth of Japanese stocks in the previous week.
Japanese manufacturing PMI recorded a rise in December
The flash manufacturing PMI recorded a rise to 51.90 in Japan, in December. Manufacturing PMI had recorded a level of 51.30 in the prior month.
Chinese M0 money supply rose more than expected in November
M0 money supply in China climbed 7.60% on an annual basis in November, more than market expectations for a rise of 7.50%. M0 money supply had risen 7.20% in the previous month.
Chinese M1 money supply advanced more than expected in November
In November, M1 money supply advanced 22.70% in China, on a YoY basis, higher than market expectations for a rise of 22.50%. M1 money supply had advanced 23.90% in the previous month.
Chinese aggregate financing registered a rise in November
Compared to a reading of CNY 896.30 billion in the prior month aggregate financing recorded a rise to CNY 1740.00 billion in November, in China. Markets were expecting aggregate financing to climb to a level of CNY 1100.00 billion.
Chinese new Yuan loans recorded a rise in November
In November, new Yuan loans advanced to CNY 794.60 billion in China, compared to a level of CNY 651.30 billion in the previous month. Market anticipation was for new Yuan loans to advance to CNY 720.00 billion.
Chinese M2 money supply advanced less than expected in November
The People’s Bank of China has indicated that, in November, M2 money supply recorded a rise of 11.40% on an annual basis in China, lower than market expectations for a rise of 11.50%. M2 money supply had registered a rise of 11.60% in the previous month.
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