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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index advanced more than expected in July
The Halifax house price index in the UK registered a rise of 0.40% on a monthly basis in July, more than market expectations for a rise of 0.30%. The Halifax house price index had fallen by a revised 0.90% in the prior month.
UK retail sales across all sectors advanced as expected in July
In July, retail sales across all sectors in the UK registered a rise of 0.90% on an annual basis, compared to an advance of 1.20% in the previous month. Market anticipation was for retail sales across all sectors to rise 0.90%.
UK Halifax house price index rose as expected in the May-July 2017 period
In the May-July 2017 period, on a YoY basis, the Halifax house price index in the UK registered a rise of 2.10%, in line with market expectations. In the April-June 2017 period, the Halifax house price index had risen 2.60%.
Euro-zone investor confidence index eased in August
In August, the investor confidence index eased to 27.70 in the Euro-zone, compared to market expectations of a fall to 27.60. The investor confidence index had recorded a level of 28.30 in the previous month.
German industrial production advanced less than expected in June
The non-seasonally & working day adjusted industrial production registered a rise of 2.40% in Germany on a YoY basis in June, compared to a revised advance of 4.80% in the previous month. Markets were expecting industrial production to rise 3.70%.
German industrial production surprisingly eased in June
On a MoM basis, in June, the seasonally adjusted industrial production unexpectedly fell 1.10% in Germany, compared to an advance of 1.20% in the previous month. Market anticipation was for industrial production to climb 0.20%.
Swiss foreign currency reserves climbed in July
In Switzerland, foreign currency reserves registered a rise to CHF 714.30 billion in July. In the previous month, foreign currency reserves had registered a revised reading of CHF 693.70 billion.
Swiss EU HICP rose in July
The EU harmonised consumer price index (HICP) in Switzerland recorded a rise of 0.10% on a monthly basis, in July. In the previous month, the EU HICP had registered an unchanged reading.
Swiss CPI advanced as expected in July
The consumer price index (CPI) in Switzerland rose 0.30% in July on an annual basis, meeting market expectations. In the previous month, the CPI had registered a rise of 0.20%.
Swiss CPI fell as expected in July
On a monthly basis, the CPI in Switzerland fell 0.30% in July, in line with market expectations. In the previous month, the CPI had registered a drop of 0.10%.
Swiss EU HICP advanced in July
The EU HICP rose 0.60% in Switzerland on an annual basis, in July. The EU HICP had climbed 0.40% in the previous month.
Fed’s Bullard argued for leaving rates on hold due to weak inflation
St. Louis Fed President, James Bullard stated that the central bank can leave interest rates where they are for now, as inflation is not likely to rise much even if the US job market continues to improve.
US consumer credit advanced less than expected in June
Consumer credit recorded a rise of $12.40 billion in the US, in June, lower than market expectations for an advance of $15.75 billion. Consumer credit had registered a revised rise of $18.29 billion in the previous month.
Japanese bank lending ex-trust rose more than expected in July
In July, on an annual basis, bank lending ex-trust climbed 3.40% in Japan, compared to a rise of 3.30% in the prior month. Market expectation was for bank lending ex-trust to advance 3.30%.
Japanese bank lending including trusts rose in July
Bank lending including trusts registered a rise of 3.30% in Japan on an annual basis, in July. Bank lending including trusts had registered a similar rise in the prior month.
Japanese adjusted (total) current account surplus widened in June
Adjusted (total) current account surplus in Japan expanded to ¥1522.50 billion in June, following a adjusted (total) current account surplus of ¥1400.90 billion in the previous month. Markets were anticipating the country’s adjusted (total) current account surplus to rise to ¥1502.90 billion.
Japanese coincident index rose in June
In Japan, the flash coincident index rose to a level of 117.20 in June, compared to a reading of 115.80 in the previous month. Market anticipation was for the coincident index to climb to a level of 117.20.
Japanese leading economic index advanced in June
In June, the flash leading economic index advanced to 106.30 in Japan, compared to market expectations of a rise to a level of 106.20. In the prior month, the leading economic index had registered a reading of 104.60.
Japanese current account surplus fell in June
Japan has registered the non-seasonally adjusted current account surplus of ¥934.60 billion in June, from a current account surplus of ¥1653.90 billion in the prior month. Market anticipation was for the nation to post a current account surplus of ¥860.50 billion.
Japan posted (BOP basis) trade surplus in June
In June, (BOP basis) trade surplus in Japan recorded a level of ¥518.50 billion, less than market expectations of a (BOP basis) trade surplus of ¥571.50 billion. Japan had registered a (BOP basis) trade deficit of ¥115.10 billion in the prior month.
Chinese exports rose less than expected in July
Exports in China recorded a rise of 7.20% in July on an annual basis, compared to an advance of 11.30% in the previous month. Market anticipation was for exports to rise 11.00%.
Chinese foreign exchange reserves climbed in July
Foreign exchange reserves in China rose to a level of $3080.70 billion in July, compared to a reading of $3056.80 billion in the previous month. Market expectation was for foreign exchange reserves to rise to a level of $3074.90 billion.
Chinese trade surplus widened in July
In July, trade surplus in China widened to $46.74 billion, from a revised trade surplus of $42.75 billion in the prior month. Market expectation was for the nation’s trade surplus to expand to $45.00 billion.
Chinese imports rose less than expected in July
Imports rose 11.00% in China on an annual basis in July, compared to an advance of 17.20% in the prior month. Markets were expecting imports to climb 18.00%.
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