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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house price balance slid in October
House price balance in the UK registered a drop to 1.00% in October, compared to market expectations of a fall to 4.00%. House price balance had registered a reading of 6.00% in the previous month.
French trade deficit rose in September
Trade deficit in France widened to €4.67 billion in September, following a revised trade deficit of €4.19 billion in the previous month. Markets were anticipating the nation to register a trade deficit of €4.68 billion.
French current account deficit rose in September
Current account deficit in France expanded to €3.10 billion in September. In the previous month, France had registered a revised current account deficit of €1.70 billion.
US mortgage applications remained unchanged in the last week
In the week ended 03 November 2017, mortgage applications in the US remained steady. Mortgage applications had fallen 2.60% in the prior week.
Canadian housing starts surprisingly advanced in October
The seasonally adjusted housing starts in Canada registered an unexpected rise to a level of 222.80 K in October, higher than market expectations of a drop to 211.00 K. In the previous month, housing starts had registered a revised level of 219.30 K.
Canadian building permits advanced more than expected in September
Building permits rose 3.80% in Canada on a MoM basis in September, more than market expectations for an advance of 1.00%. Building permits had recorded a revised drop of 5.10% in the previous month.
BoJ Summary of Opinions: Board members debated newcomer’s calls for easing
The Bank of Japan’s (BoJ) Summary of Opinions revealed that policymakers debated calls from one of its board members to target the longer end of the yield curve at its October meeting. Further, officials showed reluctance to loosen monetary conditions further despite sluggish inflation.
Japanese coincident index dropped in September
The preliminary coincident index fell to a level of 115.80 in Japan, in September, compared to market expectations of a drop to 115.90. The coincident index had registered a level of 117.70 in the previous month.
Japanese current account surplus narrowed in September
In September, the non-seasonally adjusted current account surplus in Japan dropped to ¥2271.20 billion, from a current account surplus of ¥2380.40 billion in the prior month. Market anticipation was for the nation to record a current account surplus of ¥2363.40 billion.
Japanese (BOP basis) trade surplus widened in September
Trade surplus (BOP basis) in Japan expanded to ¥852.20 billion in September, from a (BOP basis) trade surplus of ¥318.70 billion in the prior month. Market expectation was for the country’s (BOP basis) trade surplus to widen to ¥832.50 billion.
Japanese machinery orders fell more than expected in September
On a MoM basis, machinery orders dropped 8.10% in Japan, in September, higher than market expectations for a fall of 2.00%. Machinery orders had registered a rise of 3.40% in the previous month.
Foreign investors became net buyers of Japanese bonds in the previous week
Foreign investors remained net buyers of ¥90.40 billion worth of Japanese bonds in the week ended 03 November 2017, from being net buyers of a revised ¥76.70 billion worth of Japanese bonds in the previous week.
Japanese leading economic index declined in September
The preliminary leading economic index fell to a level of 106.60 in Japan, in September, compared to a reading of 107.20 in the prior month. Markets were anticipating the leading economic index to drop to a level of 106.60.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥169.70 billion worth of foreign stocks in the week ended 03 November 2017, from being net buyers of ¥369.50 billion worth of foreign stocks in the prior week.
Foreign investors turned net sellers of Japanese stocks in the previous week
Foreign investors turned net sellers of ¥12.40 billion worth of Japanese stocks in the week ended 03 November 2017, as compared to being net buyers of a revised ¥696.40 billion worth of Japanese stocks in the previous week.
Japanese bank lending ex-trust advanced less than expected in October
Bank lending ex-trust in Japan registered a rise of 2.80% on a YoY basis in October, compared to a rise of 3.00% in the prior month. Market anticipation was for bank lending ex-trust to rise 3.00%.
Japanese adjusted (total) current account surplus slid in September
Japan has registered adjusted (total) current account surplus of ¥1835.10 billion in September, from an adjusted (total) current account surplus of ¥2266.90 billion in the prior month. Markets were anticipating the nation to register an adjusted (total) current account surplus of ¥2053.30 billion.
Japanese bank lending including trusts rose less than expected in October
On a YoY basis, bank lending including trusts in Japan rose 2.80% in October, less than market expectations for an advance of 3.00%. In the previous month, bank lending including trusts had advanced by a revised 2.90%.
Japanese machinery orders unexpectedly slid in September
In Japan, machinery orders unexpectedly eased 3.50% on an annual basis in September, less than market expectations for a rise of 2.00%. In the previous month, machinery orders had risen 4.40%.
Japanese investors became net sellers of foreign bonds in the previous week
Japanese investors were net sellers of ¥729.70 billion worth of foreign bonds in the week ended 03 November 2017, as compared to being net sellers of a revised ¥1084.80 billion worth of foreign bonds in the prior week.
Japanese average office vacancies in Tokyo rose in October
Average office vacancies in Tokyo in Japan recorded a rise of 3.02% in October on a monthly basis. In the prior month, average office vacancies in Tokyo had registered a rise of 3.17%.
Chinese CPI rose more than expected in October
On a YoY basis, in China, the consumer price index (CPI) recorded a rise of 1.90% in October, compared to a rise of 1.60% in the previous month. Market anticipation was for the CPI to rise 1.80%.
Chinese PPI advanced more than expected in October
The producer price index (PPI) in China registered a rise of 6.90% on an annual basis in October, compared to a similar rise in the previous month. Market anticipation was for the PPI to rise 6.60%.
Chinese CPI climbed in October
In China, the CPI registered a rise of 0.10% on a monthly basis, in October. In the previous month, the CPI had registered a rise of 0.50%.
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