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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
ECB meeting minutes revealed that members disagreed over bond-buying extension
Minutes of the European Central Bank’s (ECB) December meeting showed that members were divided in the decision to extend the central bank’s mass bond-buying programme as inflation accelerates in the Euro-zone. At the meeting, the bank left all its three interest rates unchanged for a sixth consecutive session and retained its asset purchases of €80 billion a month till March 2017, but decided to reduce the size beyond that to €60 billion a month till December 2017.
Euro-zone industrial production advanced more than expected in November
In November, on a MoM basis, the seasonally adjusted industrial production in the Euro-zone rose 1.50%, more than market expectations for a rise of 0.60%. Industrial production had climbed by a revised 0.10% in the previous month.
German GDP rose more than expected in year 2016
The non-seasonally adjusted gross domestic product (GDP) rose 1.90% in Germany on a YoY basis in year 2016, more than market expectations for an advance of 1.80%. In the previous year, GDP had climbed 1.70%.
French CPI (ex-tobacco) rose as expected in December
The final consumer price index (CPI) (ex-tobacco) in France registered a rise of 0.30% on a monthly basis in December, in line with market expectations. In the prior month, the CPI (ex-tobacco) had registered an unchanged reading. The preliminary figures had also indicated a rise of 0.30%.
French EU normalised CPI advanced as expected in December
On a monthly basis, the final EU normalised CPI in France, recorded a rise of 0.30% in December, meeting market expectations. In the previous month, EU normalised CPI had registered an unchanged reading. The preliminary figures had also indicated an advance of 0.30%.
French CPI (ex-tobacco) advanced as expected in December
In December, the final CPI (ex-tobacco) in France rose 0.60% on an annual basis, at par with market expectations. The preliminary figures had also indicated an advance of 0.60%. The CPI (ex-tobacco) had recorded a rise of 0.50% in the prior month.
Italian industrial production rose more than expected in November
On a YoY basis, the working day adjusted industrial production advanced 3.20% in Italy, in November, compared to an advance of 1.30% in the previous month. Market anticipation was for industrial production to climb 1.90%.
Italian industrial production rose more than expected in November
The seasonally adjusted industrial production in Italy rose 0.70% in November on a MoM basis, more than market expectations for an advance of 0.20%. In the previous month, industrial production had risen by a revised 0.10%.
Italian industrial production advanced in November
On a YoY basis, the non-seasonally adjusted industrial production advanced 3.20% in Italy, in November. In the prior month, industrial production had dropped 1.80%.
Federal Reserve’s (Fed) Harker forecasted three rate hikes in 2017
The Philadelphia Fed President, Patrick Harker expressed broad confidence in the US economic fundamentals and stated that three interest rate hikes would be appropriate this year.
US import price index advanced less than expected in December
In December, the import price index in the US advanced 0.40% on a monthly basis, lower than market expectations for an advance of 0.70%. In the previous month, the import price index had dropped by a revised 0.20%.
US import price index advanced as expected in December
The import price index in the US recorded a rise of 1.80% in December on a YoY basis, at par with market expectations. In the previous month, the import price index had climbed by a revised 0.10%.
US budget deficit fell in December
The US has posted budget deficit of $27.50 billion in December, following a budget deficit of $136.65 billion in the prior month. Markets were anticipating a budget deficit of $26.00 billion.
US continuing jobless claims registered a drop in the last week
The seasonally adjusted continuing jobless claims dropped to 2087.00 K in the week ended 31 December 2016, in the US, compared to a revised reading of 2116.00 K in the prior week. Markets were anticipating continuing jobless claims to ease to a level of 2087.00 K.
US export price index advanced in December
In December, on a monthly basis, the export price index in the US registered a rise of 0.30%. The export price index had fallen 0.10% in the previous month.
US export price index advanced in December
In the US, the export price index rose 1.10% on a YoY basis, in December. In the previous month, the export price index had dropped 0.30%.
US initial jobless claims advanced in the last week
The seasonally adjusted initial jobless claims registered a rise to 247.00 K in the week ended 07 January 2017, in the US, lower than market expectations of a rise to a level of 255.00 K. Initial jobless claims had registered a revised reading of 237.00 K in the prior week.
Canadian house price index climbed in December
The house price index recorded a rise of 0.30% in Canada on a monthly basis, in December. The house price index had recorded a rise of 0.20% in the prior month.
Canadian new housing price index advanced less than expected in November
On an annual basis, the new housing price index advanced 3.00% in November, in Canada, compared to a similar rise in the prior month. Market expectation was for the new housing price index to climb 3.10%.
Canadian new housing price index rose less than expected in November
On a MoM basis, the new housing price index in Canada recorded a rise of 0.20% in November, lower than market expectations for a rise of 0.30%. The new housing price index had climbed 0.40% in the prior month.
Japanese investors turned net buyers of foreign stocks in the previous week
Japanese investors turned net buyers of ¥234.20 billion worth of foreign stocks in the week ended 06 January 2017, as compared to being net sellers of ¥9.50 billion worth of foreign stocks in the previous week.
Japanese M3 money supply advanced less than expected in December
In December, M3 money supply in Japan advanced 3.40% on an annual basis, compared to a similar rise in the previous month. Market anticipation was for M3 money supply to rise 3.50%.
Japanese investors turned net buyers of foreign bonds in the previous week
Japanese investors turned net buyers of ¥206.50 billion worth of foreign bonds in the week ended 06 January 2017, as compared to being net sellers of ¥501.40 billion worth of foreign bonds in the prior week.
Foreign investors remained net buyers of Japanese bonds in the previous week
Foreign investors were net buyers of ¥626.10 billion worth of Japanese bonds in the week ended 06 January 2017, from being net buyers of ¥828.10 billion worth of Japanese bonds in the previous week.
Japanese Eco Watchers Survey for current situation steadied in December
Cabinet Office Japan has reported that Eco Watchers Survey for the current situation remained steady at 51.40 in Japan, in December.
Foreign investors remained net buyers of Japanese stocks in the previous week
Foreign investors were net buyers of ¥346.80 billion worth of Japanese stocks in the week ended 06 January 2017, from being net buyers of ¥58.50 billion worth of Japanese stocks in the prior week.
Japanese money supply M2+CD rose less than expected in December
In December, money supply M2+CD advanced 4.00% in Japan on a YoY basis, compared to a revised advance of 3.90% in the prior month. Markets were anticipating money supply M2+CD to climb 4.10%.
Japanese Eco Watchers Survey for future outlook declined in December
Compared to a revised reading of 51.30 in the prior month Eco Watchers Survey for the future outlook in Japan fell to a level of 50.90 in December.
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