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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Mario Draghi pledged to keep interest rate at record low ‘well past’ the end of QE
The European Central Bank (ECB) President, Mario Draghi, indicated that interest rates are likely to stay low for an extended period of time, and well past the end of its bond-buying programme, in order to promote solid economic growth within the Euro-zone. Draghi also defended the central bank’s aggressive monetary policies, noting that it has been a success.
Euro-zone industrial production rose more than expected in August
The working day adjusted industrial production in the Euro-zone advanced 3.80% on a YoY basis in August, compared to a revised advance of 3.60% in the previous month. Market anticipation was for industrial production to advance 2.60%.
Euro-zone industrial production advanced more than expected in August
On a MoM basis, the seasonally adjusted industrial production climbed 1.40% in August, in the Euro-zone, higher than market expectations for a rise of 0.60%. Industrial production had advanced by a revised 0.30% in the prior month.
French CPI (ex-tobacco) declined more than expected in September
The final consumer price index (CPI) (ex-tobacco) recorded a drop of 0.20% in France on a MoM basis in September, compared to an advance of 0.50% in the prior month. The preliminary figures had recorded a fall of 0.10%. Markets were expecting the CPI (ex-tobacco) to fall 0.10%.
French EU normalised CPI declined more than expected in September
On a MoM basis, the final EU normalised CPI in France slid 0.20% in September, compared to a rise of 0.60% in the previous month. The preliminary figures had indicated a drop of 0.10%. Market expectation was for EU normalised CPI to drop 0.10%.
French CPI (ex-tobacco) advanced as expected in September
In France, the final CPI (ex-tobacco) recorded a rise of 1.00% on an annual basis in September, at par with market expectations. The CPI (ex-tobacco) had risen 0.90% in the prior month. The preliminary figures had also recorded a rise of 1.00%.
US continuing jobless claims unexpectedly dropped in the last week
In the week ended 30 September 2017, the seasonally adjusted continuing jobless claims in the US dropped unexpectedly to 1889.00 K, compared to market expectations of a rise to a level of 1930.00 K. In the prior week, continuing jobless claims had recorded a revised level of 1921.00 K.
US producer price (ex-food & energy) rose more than expected in September
Producer price (ex-food & energy) registered a rise of 0.40% in the US, on a monthly basis in September, more than market expectations for an advance of 0.20%. In the prior month, producer price (ex-food & energy) had climbed 0.10%.
US producer price (ex-food & energy) rose more than expected in September
In September, on a YoY basis, producer price (ex-food & energy) advanced 2.20% in the US, more than market expectations for an advance of 2.00%. Producer price (ex-food & energy) had registered a rise of 2.00% in the prior month.
US initial jobless claims declined in the last week
In the week ended 07 October 2017, the seasonally adjusted initial jobless claims in the US dropped to 243.00 K, compared to a revised reading of 258.00 K in the previous week. Markets were expecting initial jobless claims to fall to a level of 250.00 K.
US producer price advanced as expected in September
On a monthly basis, producer price climbed 0.40% in the US, in September, compared to an advance of 0.20% in the previous month. Market anticipation was for producer price to advance 0.40%.
US producer price rose as expected in September
In September, on a YoY basis, producer price climbed 2.60% in the US, meeting market expectations. In the previous month, producer price had risen 2.40%.
Canadian new housing price index advanced in August
The new housing price index registered a rise of 3.80% on an annual basis in Canada, in August. The new housing price index had registered a similar rise in the previous month.
Canadian new housing price index rose less than expected in August
The new housing price index climbed 0.10% on a MoM basis in Canada, in August, less than market expectations for an advance of 0.20%. In the prior month, the new housing price index had climbed 0.40%.
Canadian house price index dropped in September
On a MoM basis, the house price index fell 0.80% in Canada, in September. In the prior month, the house price index had registered a rise of 0.60%.
Foreign investors became net buyers of Japanese stocks in the previous week
Foreign investors were net buyers of ¥1235.30 billion worth of Japanese stocks in the week ended 06 October 2017, as compared to being net buyers of ¥953.30 billion worth of Japanese stocks in the previous week.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥371.50 billion worth of foreign stocks in the week ended 06 October 2017, as compared to being net buyers of ¥470.90 billion worth of foreign stocks in the prior week.
Japanese M3 money supply rose as expected in September
On a YoY basis, in September, M3 money supply advanced 3.40% in Japan, compared to a similar rise in the prior month. Market anticipation was for M3 money supply to climb 3.40%.
Japanese investors turned net buyers of foreign bonds in the previous week
Japanese investors turned net buyers of ¥89.20 billion worth of foreign bonds in the week ended 06 October 2017, from being net sellers of ¥1014.10 billion worth of foreign bonds in the prior week.
Japanese money supply M2+CD advanced more than expected in September
In September, money supply M2+CD climbed 4.10% in Japan on an annual basis, higher than market expectations for a rise of 4.00%. In the previous month, money supply M2+CD had recorded a rise of 4.00%.
Japanese tertiary industry index unexpectedly slid in August
In August, the tertiary industry index in Japan unexpectedly eased 0.20% on a MoM basis, lower than market expectations for an advance of 0.10%. The tertiary industry index had registered a rise of 0.10% in the prior month.
Foreign investors remained net buyers of Japanese bonds in the previous week
Foreign investors remained net buyers of ¥100.00 billion worth of Japanese bonds in the week ended 06 October 2017, from being net buyers of ¥391.10 billion worth of Japanese bonds in the previous week.
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