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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices surprisingly rose in January
In January, the seasonally adjusted house prices recorded an unexpected rise of 0.20% in the UK on a MoM basis, higher than market expectations for an unchanged reading. In the prior month, house prices had climbed 0.80%.
UK house prices rose as expected in January
On a YoY basis, the non-seasonally adjusted house prices recorded a rise of 4.30% in January, in the UK, meeting market expectations. In the previous month, house prices had climbed 4.50%.
UK manufacturing PMI recorded a dropped in January
In January, the manufacturing PMI fell to a level of 55.90 in the UK, at par with market expectations. In the previous month, the manufacturing PMI had recorded a level of 56.10.
Euro-zone manufacturing PMI registered a rise in January
Compared to a reading of 54.90 in the prior month, the final manufacturing PMI in the Euro-zone registered a rise to 55.20 in January. The preliminary figures had indicated an advance to 55.10. Markets were anticipating the manufacturing PMI to rise to 55.10.
German manufacturing PMI advanced in January
Compared to a level of 55.60 in the prior month the final manufacturing PMI in Germany rose to a level of 56.40 in January. The preliminary figures had recorded a rise to 56.50. Market expectation was for manufacturing PMI to advance to 56.50.
French manufacturing PMI rose unexpectedly in January
In January, the final manufacturing PMI in France registered an unexpected rise to 53.60, compared to market expectations of a drop to 53.40. The preliminary figures had indicated a drop to 53.40. In the prior month, manufacturing PMI had recorded a reading of 53.50.
Italian manufacturing PMI dropped unexpectedly in January
The manufacturing PMI eased unexpectedly to 53.00 in Italy, in January, lower than market expectations of a rise to 53.30. In the prior month, the manufacturing PMI had registered a reading of 53.20.
Spanish manufacturing PMI climbed unexpectedly in January
In January, the manufacturing PMI rose unexpectedly to a level of 55.60 in Spain, compared to a reading of 55.30 in the previous month. Markets were anticipating the manufacturing PMI to fall to a level of 55.00.
Swiss SVME manufacturing PMI fell in January
The SVME manufacturing PMI registered a drop to 54.60 in Switzerland, in January, lower than market expectations of a fall to 55.90. The SVME manufacturing PMI had registered a revised reading of 56.20 in the previous month.
FOMC held key interest rate steady, remained upbeat on US economy
The Federal Open Market Committee (FOMC) kept the benchmark overnight lending rate steady at a range of 0.50% to 0.75%, amid a backdrop of slowly rising inflation in the US, solid job gains and continued improvement in business and consumer confidence. The policymakers painted a relatively upbeat picture of the US economy which suggested that it was on track to tighten monetary policy this year.
US construction spending unexpectedly dropped in December
Construction spending unexpectedly dropped 0.20% on a MoM basis in December, in the US, lower than market expectations for a rise of 0.20%. In the prior month, construction spending had registered a rise of 0.90%.
US mortgage applications fell in the last week
Mortgage applications recorded a drop of 3.20% on a weekly basis, in the week ended 27 January 2017, in the US. In the previous week, mortgage applications had advanced 4.00%.
US ISM new orders climbed in January
ISM new orders climbed to 60.40 in the US, in January, compared to a revised level of 60.30 in the previous month.
US ISM backlog orders climbed in January
ISM backlog orders rose to a level of 49.50 in January, in the US. In the prior month, ISM backlog orders had recorded a level of 49.00.
US ISM inventories advanced in January
In the US, ISM inventories recorded a rise to 48.50 in January, compared to a level of 47.00 in the previous month.
US ISM production advanced in January
In January, ISM production in the US rose to a level of 61.40. In the prior month, ISM production had registered a revised level of 59.40.
US ISM prices paid index climbed surprisingly in January
In the US, the ISM prices paid index recorded an unexpected rise to a level of 69.00 in January, compared to market expectations of an unchanged reading. The ISM prices paid index had registered a level of 65.50 in the prior month.
US Markit manufacturing PMI climbed in January
Compared to a reading of 54.30 in the previous month the final Markit manufacturing PMI recorded a rise to 55.00 in the US, in January. The preliminary figures had recorded a rise to 55.10. Markets were anticipating the Markit manufacturing PMI to climb to 55.10.
Private sector employment in the US recorded an increase in January
In the US, the private sector employment registered a rise of 246.00 K in January, compared to a gain of 153.00 K in the previous month. Market expectation was for the private sector employment to advance 168.00 K.
US ISM manufacturing activity index climbed in January
The ISM manufacturing activity index in the US climbed to 56.00 in January, higher than market expectations of a rise to a level of 55.00. In the previous month, the ISM manufacturing activity index had registered a revised reading of 54.50.
Japanese vehicle sales climbed in January
In January, on a YoY basis, vehicle sales in Japan rose 8.60%. Vehicle sales had risen 10.80% in the prior month.
Japanese investors turned net buyers of foreign stocks in the previous week
Japanese investors turned net buyers of ¥124.90 billion worth of foreign stocks in the week ended 27 January 2017, as compared to being net sellers of ¥19.10 billion worth of foreign stocks in the prior week.
Foreign investors turned net buyers of Japanese bonds in the previous week
Foreign investors turned net buyers of ¥446.20 billion worth of Japanese bonds in the week ended 27 January 2017, as compared to being net sellers of a revised ¥168.20 billion worth of Japanese bonds in the prior week.
Japanese monetary base registered a rise in January
The monetary base in Japan advanced 22.60% on an annual basis, in January. In the prior month, the monetary base had climbed 23.10%.
Foreign investors became net sellers of Japanese stocks in the previous week
Foreign investors were net sellers of ¥143.90 billion worth of Japanese stocks in the week ended 27 January 2017, from being net sellers of a revised ¥376.00 billion worth of Japanese stocks in the prior week.
Japanese investors became net sellers of foreign bonds in the previous week
Japanese investors remained net sellers of ¥1359.30 billion worth of foreign bonds in the week ended 27 January 2017, as compared to being net sellers of a revised ¥538.10 billion worth of foreign bonds in the previous week.
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