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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK new car registrations eased in September
In the UK, new car registrations dropped 9.30% in September on a YoY basis. In the prior month, new car registrations had dropped 6.40%.
ECB minutes showed that Governing Council discussed QE tapering options at September meeting
According to the minutes of the European Central Bank’s (ECB) September meeting, policymakers debated over the options to scale back its giant bond-buying programme, focusing on the choice between the pace and the intended duration. Further, minutes noted a “broad agreement” among the governing council that the economy may still need a substantial stimulus for a little longer period of time and that October’s meeting would be the right time for the bulk of the decisions. The minutes also confirmed that most policymakers were concerned that the strengthening Euro might upset the region’s nascent recovery.
Swiss CPI rose as expected in September
In September, the consumer price index (CPI) in Switzerland, registered a rise of 0.20% on a MoM basis, at par with market expectations. The CPI had registered an unchanged reading in the previous month.
Swiss CPI rose more than expected in September
The CPI in Switzerland recorded a rise of 0.70% on an annual basis in September, more than market expectations for a rise of 0.60%. The CPI had registered a rise of 0.50% in the previous month.
Swiss EU HICP rose in September
The EU harmonised consumer price index (HICP) in Switzerland registered a rise of 0.80% in September on an annual basis. The EU HICP had risen 0.50% in the previous month.
Swiss EU HICP rose in September
On a MoM basis, the EU HICP rose 0.20% in Switzerland, in September. In the prior month, the EU HICP had fallen 0.10%.
US non-defence capital goods shipments (ex aircraft) rose in August
On a monthly basis, the final non-defence capital goods shipments (ex aircraft) advanced 1.10% in the US, in August. In the previous month, the non-defence capital goods shipments (ex aircraft) had registered a revised similar rise. The preliminary figures had indicated an advance of 0.70%.
US non-defence capital goods orders (ex aircraft) rose in August
The final non-defence capital goods orders (ex aircraft) in the US advanced 1.10% on a MoM basis, in August. In the prior month, the non-defence capital goods orders (ex aircraft) had registered a similar rise. The preliminary figures had recorded an advance of 0.90%.
US continuing jobless claims advanced in the last week
The seasonally adjusted continuing jobless claims in the US advanced to 1938.00 K in the week ended 23 September 2017, compared to market expectations of an advance to a level of 1950.00 K. Continuing jobless claims had recorded a revised level of 1936.00 K in the previous week.
US trade deficit dropped in August
Trade deficit in the US narrowed to $42.40 billion in August, less than market expectations of a trade deficit of $42.70 billion. The US had posted a revised trade deficit of $43.60 billion in the prior month.
US number of planned layoffs by US companies dropped in September
In the US, the number of planned layoffs by US companies eased to 32.35 K in September. The number of planned layoffs by US companies had registered a reading of 33.83 K in the prior month.
US factory orders rose more than expected in August
On a monthly basis in the US, factory orders recorded a rise of 1.20% in August, more than market expectations for a rise of 1.00%. Factory orders had dropped 3.30% in the previous month.
US durable goods orders advanced more than expected in August
On a MoM basis in the US, the final durable goods orders advanced 2.00% in August, more than market expectations for an advance of 1.70%. In the prior month, durable goods orders had fallen 6.80%. The preliminary figures had recorded an advance of 1.70%.
US durable goods orders (ex transportation) advanced in August
The final durable goods orders (ex transportation) in the US climbed 0.50% in August, on a monthly basis. Durable goods orders (ex transportation) had risen by a revised 0.80% in the previous month. The preliminary figures had indicated a rise of 0.20%.
US initial jobless claims slid in the last week
In the week ended 30 September 2017, the seasonally adjusted initial jobless claims fell to a level of 260.00 K in the US, compared to market expectations of a drop to a level of 265.00 K. Initial jobless claims had recorded a reading of 272.00 K in the previous week.
US number of planned layoffs by US companies slid in September
In September, on a YoY basis, the number of planned layoffs by US companies in the US fell 27.00%. In the prior month, the number of planned layoffs by US companies had climbed 5.10%.
Canadian international merchandise trade deficit widened in August
The international merchandise trade deficit in Canada widened to C$3.41 billion in August, from a revised international merchandise trade deficit of C$2.98 billion in the previous month. Market anticipation was for the country’s international merchandise trade deficit to drop to C$2.60 billion.
Japanese foreign exchange reserves dropped in September
In Japan, foreign exchange reserves eased to $1266.30 billion in September. In the previous month, foreign exchange reserves had recorded a reading of $1268.00 billion.
Japanese labour cash earnings rose more than expected in August
In Japan, labour cash earnings climbed 0.90% on a YoY basis in August, more than market expectations for a rise of 0.50%. In the previous month, labour cash earnings had recorded a drop of 0.30%.
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