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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK ILO unemployment rate steadied in the February-April 2017 period
In the February-April 2017 period, the ILO unemployment rate remained steady at a level of 4.60% in the UK, in line with market expectations.
UK average earnings excluding bonus rose less than expected in the February-April 2017 period
In the February-April 2017 period, the average earnings excluding bonus climbed 1.70% in the UK, on a YoY basis, less than market expectations for an advance of 2.00%. The average earnings excluding bonus had climbed by a revised 1.80% in the January-March 2017 period.
UK average earnings including bonus advanced less than expected in the February-April 2017 period
In the February-April 2017 period, the average earnings including bonus registered a rise of 2.10% in the UK on a YoY basis, compared to a revised rise of 2.30% in the January-March 2017 period. Market anticipation was for the average earnings including bonus to advance 2.40%.
UK claimant count rate remained flat in May
The claimant count rate remained flat at 2.30% in May, in the UK.
Employment in the UK rose in the February-April 2017 period
In the UK, employment advanced by 109.00 K in the February-April 2017 period, lower than market anticipations of an advance of 125.00 K. Employment had recorded a gain of 122.00 K in the January-March 2017 period.
Number of unemployment benefits claimants in the UK advanced in May
Number of unemployment benefits claimants in the UK rose by 7.30 K in May, compared to a revised increase of 22.00 K in the prior month.
Euro-zone number of persons employed rose in 1Q 2017
The number of persons employed recorded a rise of 0.40% on a quarterly basis in the Euro-zone, in 1Q 2017. In the previous quarter, the number of persons employed had registered a revised similar rise.
Euro-zone industrial production advanced as expected in April
In the Euro-zone, the seasonally adjusted industrial production advanced 0.50% in April on a MoM basis, at par with market expectations. In the previous month, industrial production had registered a revised rise of 0.20%.
German CPI declined as expected in May
On a monthly basis, the final consumer price index (CPI) dropped 0.20% in Germany, in May, compared to a flat reading in the prior month. Market anticipation was for the CPI to ease 0.20%. The preliminary figures had also recorded a drop of 0.20%.
German HICP advanced as expected in May
On an annual basis, in May, the final harmonised consumer price index (HICP) rose 1.40% in Germany, at par with market expectations. The HICP had recorded a rise of 2.00% in the prior month. The preliminary figures had also recorded an advance of 1.40%.
German HICP declined as expected in May
In May, on a monthly basis, the final HICP slid 0.20% in Germany, compared to an unchanged reading in the prior month. Market anticipation was for the HICP to ease 0.20%. The preliminary figures had also recorded a fall of 0.20%.
German CPI advanced as expected in May
On an annual basis, the final CPI rose 1.50% in May, in Germany, at par with market expectations. The CPI had risen 2.00% in the prior month. The preliminary figures had also indicated a rise of 1.50%.
Fed increased benchmark interest rate, set plan for balance sheet reduction
The Federal Reserve (Fed) lifted the key interest rate by a quarter percentage point to a target range of 1.00% to 1.25%, citing continued US economic growth and job market strength. The Fed also announced that it will unwind its $4.50 trillion balance sheet “relatively soon” if the economy evolves as the central bank expects. Further, it indicated that it will boost rates one more time this year, but gave no indication of when that will happen. The central bank forecast US economic growth of 2.20% in 2017, an increase from its previous projection in March. Inflation is expected to be at 1.70% by the end of this year, down from the 1.90% previously forecast.
US core CPI climbed in May
Compared to a level of 251.17 in the prior month the seasonally adjusted core CPI in the US registered a rise to 251.33 in May. Markets were anticipating the core CPI to advance to a level of 251.58.
US CPI unexpectedly slid in May
The CPI recorded an unexpected drop of 0.10% on a MoM basis in May, in the US, compared to an advance of 0.20% in the previous month. Market anticipation was for the CPI to remain unchanged.
US retail sales ex-autos unexpectedly dropped in May
On a monthly basis, retail sales ex-autos unexpectedly eased 0.30% in the US, in May, lower than market expectations for a rise of 0.10%. In the previous month, retail sales ex-autos had advanced by a revised 0.40%.
US CPI advanced less than expected in May
The CPI recorded a rise of 1.90% in the US on a YoY basis in May, less than market expectations for a rise of 2.00%. The CPI had advanced 2.20% in the previous month.
US retail sales (ex-auto & gas) steadied in May
In May, on a monthly basis, retail sales (ex-auto & gas) remained flat in the US, lower than market expectations for an advance of 0.30%. In the prior month, retail sales (ex-auto & gas) had risen by a revised 0.50%.
US mortgage applications advanced in the last week
Mortgage applications rose 2.80% on a weekly basis, in the week ended 09 June 2017, in the US. Mortgage applications had recorded a rise of 7.10% in the previous week.
US CPI (ex-food & energy) advanced less than expected in May
In May, the CPI (ex-food & energy) in the US registered a rise of 1.70% on a YoY basis, compared to a rise of 1.90% in the previous month. Market expectation was for the CPI (ex-food & energy) to climb 1.90%.
US advance retail sales unexpectedly slid in May
Advance retail sales registered an unexpected drop of 0.30% on a MoM basis in the US, in May, compared to an advance of 0.40% in the previous month. Markets were expecting advance retail sales to remain flat.
US retail sales Control Group steadied in May
On a monthly basis, retail sales Control Group remained flat in the US, in May, lower than market expectations for an advance of 0.30%. Retail sales Control Group had advanced by a revised 0.60% in the prior month.
US CPI (ex-food & energy) advanced less than expected in May
The CPI (ex-food & energy) in the US rose 0.10% on a MoM basis in May, compared to a similar rise in the prior month. Market expectation was for the CPI (ex-food & energy) to advance 0.20%.
US CPI climbed in May
The non-seasonally adjusted CPI recorded a rise to 244.73 in the US, in May, lower than market expectations of a rise to a level of 244.90. The CPI had registered a level of 244.52 in the previous month.
US business inventories dropped as expected in April
Business inventories in the US recorded a drop of 0.20% in April on a MoM basis, at par with market expectations. In the previous month, business inventories had registered a rise of 0.20%.
US CPI advanced in May
In May, on a monthly basis, the non-seasonally adjusted CPI in the US recorded a rise of 0.10%. In the previous month, CPI had climbed 0.30%.
Canadian house price index rose in May
The house price index rose 2.20% in Canada on a MoM basis, in May. In the prior month, the house price index had recorded a rise of 1.20%.
Japanese capacity utilisation advanced in April
In April, on a MoM basis, capacity utilisation advanced 4.30% in Japan. Capacity utilisation had fallen 1.60% in the prior month.
Japanese industrial production rose in April
The final industrial production recorded a rise of 4.00% in Japan on a MoM basis, in April. Industrial production had registered a drop of 1.90% in the previous month. The preliminary figures had also recorded a rise of 4.00%.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥50.40 billion worth of foreign stocks in the week ended 09 June 2017, from being net buyers of a revised ¥463.60 billion worth of foreign stocks in the previous week.
Japanese investors turned net buyers of foreign bonds in the previous week
Japanese investors turned net buyers of ¥526.60 billion worth of foreign bonds in the week ended 09 June 2017, as compared to being net sellers of a revised ¥345.40 billion worth of foreign bonds in the prior week.
Foreign investors became net buyers of Japanese bonds in the previous week
Foreign investors remained net buyers of ¥309.60 billion worth of Japanese bonds in the week ended 09 June 2017, from being net buyers of ¥484.50 billion worth of Japanese bonds in the prior week.
Japanese industrial production rose in April
On a YoY basis, the final industrial production rose 5.70% in April, in Japan. Industrial production had advanced 3.50% in the prior month. The preliminary figures had also indicated an advance of 5.70%.
Foreign investors turned net sellers of Japanese stocks in the previous week
Foreign investors turned net sellers of ¥143.10 billion worth of Japanese stocks in the week ended 09 June 2017, as compared to being net buyers of a revised ¥543.50 billion worth of Japanese stocks in the prior week.
Chinese M0 money supply rose more than expected in May
On a YoY basis, M0 money supply in China rose 7.30% in May, compared to an advance of 6.20% in the previous month. Market expectation was for M0 money supply to climb 6.00%.
Chinese M1 money supply advanced less than expected in May
In May, on an annual basis, M1 money supply in China recorded a rise of 17.00%, compared to a rise of 18.50% in the prior month. Markets were expecting M1 money supply to advance 17.60%.
Chinese aggregate financing dropped in May
Compared to a revised reading of CNY 1394.20 billion in the previous month aggregate financing registered a drop to CNY 1060.00 billion in China, in May. Markets were anticipating aggregate financing to fall to a level of CNY 1190.00 billion.
Chinese M2 money supply advanced less than expected in May
M2 money supply climbed 9.60% on an annual basis in May, in China, compared to an advance of 10.50% in the prior month. Market anticipation was for M2 money supply to climb 10.40%.
Chinese new Yuan loans rose unexpectedly in May
In May, new Yuan loans in China registered an unexpected rise to CNY 1110.00 billion, compared to market expectations of a fall to CNY 1000.00 billion. New Yuan loans had recorded a level of CNY 1100.00 billion in the previous month.
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