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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK official reserves rose in October
Official reserves recorded a rise of $30.00 million, in October, in the UK. Official reserves had advanced $554.00 million in the prior month.
UK services PMI unexpectedly rose in October
In October, the services PMI in the UK recorded an unexpected rise to a level of 55.60, compared to a level of 53.60 in the prior month. Market expectation was for the services PMI to ease to a level of 53.30.
Swiss UBS real estate bubble index dropped in 3Q 2017
In 3Q 2017, the UBS real estate bubble index in Switzerland recorded a drop to 1.38. In the previous quarter, the UBS real estate bubble index had recorded a revised level of 1.41.
Non-farm payrolls in the US rose in October
Non-farm payrolls recorded an increase of 261.00 K in the US, in October, lower than market anticipations of an advance of 313.00 K. Non-farm payrolls had recorded a revised gain of 18.00 K in the prior month.
US unemployment rate unexpectedly eased in October
In the US, unemployment rate eased unexpectedly to 4.10% in October, compared to a level of 4.20% in the previous month. Markets were anticipating unemployment rate to record a steady reading.
Manufacturing payrolls in the US rose in October
Manufacturing payrolls recorded an increase of 24.00 K in the US, in October, compared to market anticipations of an advance of 15.00 K. Manufacturing payrolls had registered a revised gain of 6.00 K in the previous month.
US non-defence capital goods shipments (ex aircraft) climbed in September
In September, on a monthly basis, the final non-defence capital goods shipments (ex aircraft) rose 0.90% in the US. The non-defence capital goods shipments (ex aircraft) had registered a revised rise of 1.20% in the prior month. The preliminary figures had recorded a rise of 0.70%.
US durable goods orders (ex transportation) rose in September
The final durable goods orders (ex transportation) in the US registered a rise of 0.70% in September, on a MoM basis. Durable goods orders (ex transportation) had registered a revised similar rise in the prior month. The preliminary figures had also recorded an advance of 0.70%.
Household employment in the US slid in October
Household employment recorded a drop of 484.00 K in the US, in October. Household employment had registered an increase of 906.00 K in the previous month.
Private payrolls in the US rose in October
Private payrolls advanced by 252.00 K in the US, in October, compared to a revised increase of 15.00 K in the previous month. Markets were expecting private payrolls to rise 302.00 K.
US average weekly hours of all employees remained steady in October
In the US, average weekly hours of all employees remained flat at 34.40 in October, at par with market expectations.
US Markit composite PMI advanced in October
In October, the final Markit composite PMI in the US registered a rise to 55.20, compared to a reading of 54.80 in the previous month. The preliminary figures had recorded a rise to 55.70.
US non-manufacturing PMI surprisingly rose in October
In October, the non-manufacturing PMI in the US advanced unexpectedly to 60.10, higher than market expectations of a fall to a level of 58.50. In the prior month, the non-manufacturing PMI had registered a level of 59.80.
US underemployment rate slid in October
Underemployment rate dropped to 7.90% in October, in the US. In the prior month, underemployment rate had registered a reading of 8.30%.
US trade deficit widened in September
Trade deficit in the US expanded to $43.50 billion in September, following a revised trade deficit of $42.80 billion in the prior month. Market expectation was for the country’s trade deficit to widen to $43.20 billion.
US factory orders rose more than expected in September
Factory orders in the US climbed 1.40% in September on a monthly basis, more than market expectations for an advance of 1.20%. Factory orders had risen 1.20% in the previous month.
US average hourly earnings of all employees rose less than expected in October
Average hourly earnings of all employees in the US recorded a rise of 2.40% on an annual basis in October, compared to a revised rise of 2.80% in the prior month. Markets were anticipating average hourly earnings of all employees to climb 2.70%.
US durable goods orders rose as expected in September
On a MoM basis in September, the final durable goods orders rose 2.00% in the US, meeting market expectations. The preliminary figures had recorded an advance of 2.20%. In the previous month, durable goods orders had registered a similar rise.
US average hourly earnings of all employees remained unchanged in October
On a MoM basis, average hourly earnings of all employees remained unchanged in the US, in October, compared to a rise of 0.50% in the previous month. Markets were anticipating average hourly earnings of all employees to rise 0.20%.
US Markit services PMI steadied in October
The final Markit services PMI remained flat at 55.30 in the US, in October. Market anticipation was for to advance to 55.90. The preliminary figures had indicated a rise to 55.90.
US non-defence capital goods orders (ex aircraft) rose in September
The final non-defence capital goods orders (ex aircraft) in the US advanced 1.70% on a MoM basis, in September. The non-defence capital goods orders (ex aircraft) had advanced by a revised 1.30% in the previous month. The preliminary figures had indicated an advance of 1.30%.
Canadian international merchandise trade deficit steadied in September
Canada has posted the international merchandise trade deficit of C$3.18 billion in September, compared to a revised international merchandise trade deficit of C$3.18 billion in the prior month. Market anticipation was for the nation to record a international merchandise trade deficit of C$3.00 billion.
Net number of people employed in Canada rose in October
The net number of people employed in Canada rose by 35.30 K in October, more than market anticipations of an advance of 15.00 K. The net number of people employed had registered a gain of 10.00 K in the previous month.
Part time employment in Canada dropped in October
Part time employment registered a drop of 53.40 K in Canada, in October, compared to a decline of 102.00 K in the previous month.
Canadian participation rate rose in October
The participation rate recorded a rise to 65.70% in Canada, in October, compared to a level of 65.60% in the prior month.
Canadian unemployment rate unexpectedly rose in October
In October, the unemployment rate in Canada rose unexpectedly to 6.30%, compared to a reading of 6.20% in the previous month. Market expectation was for the unemployment rate to remain unchanged.
Number of full time employment in Canada advanced in October
The number of full time employment in Canada advanced by 88.70 K in October. The number of full time employment had registered a gain of 112.00 K in the previous month.
BoJ minutes indicated recovery on track for the nation’s economy
Minutes of the BoJ’s September policy meeting revealed that Japan’s economy continued to proceed at an acceptable pace. However, the policy members cited downside risks to growth amid uncertainty in US economic policies and Brexit outcome. Also, most of the board members believed that the BoJ’s current policy was adequate to achieve 2.00% inflation in the long term.
BoJ Governor remained confident about Japan’s economy and inflation outlook
Bank of Japan (BoJ) Governor, Haruhiko Kuroda, expressed his confidence in Japan’s economy by stating that the nation’s economic growth is gathering momentum and there is a growing possibility of inflation hitting the 2.00% target, thus strengthening expectations that no additional stimulus is forthcoming. He also stated that there is no need to alter the pace of its ETF purchases under its stimulus programme for the time being.
Japanese Markit composite PMI rose in October
Markit composite PMI climbed to 53.40 in October, in Japan. Markit composite PMI had recorded a reading of 51.70 in the previous month.
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