Hot Features
Premium
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK net lending secured on dwellings rose less than expected in October
In October, net lending secured on dwellings advanced £3.40 billion in the UK, compared to a rise of £3.80 billion in the previous month. Markets were anticipating net lending secured on dwellings to rise £3.70 billion.
UK consumer confidence dropped in November
The consumer confidence dropped to -12.00 in November, in the UK, compared to a level of -10.00 in the prior month. Markets were anticipating the consumer confidence to ease to a level of -11.00.
UK business barometer declined in November
In November, the business barometer in the UK registered a drop to 24.00 %. In the previous month, the business barometer had recorded a level of 26.00 %.
UK net consumer credit advanced as expected in October
Net consumer credit rose £1.50 billion in the UK in October, compared to a revised similar rise in the prior month. Market expectation was for net consumer credit to rise £1.50 billion.
UK net lending to individuals advanced more than expected in October
In the UK, net lending to individuals recorded a rise of £4.80 billion in October, higher than market expectations for an advance of £4.30 billion. Net lending to individuals had risen by a revised £5.20 billion in the prior month.
UK number of mortgage approvals for house purchases dropped in October
Number of mortgage approvals for house purchases in the UK fell to a level of 64.60 K in October, compared to a revised reading of 66.10 K in the prior month. Market expectation was for number of mortgage approvals for house purchases to fall to a level of 65.00 K.
Euro-zone business climate indicator advanced in November
In November, the business climate indicator recorded a rise to 1.49 in the Euro-zone, lower than market expectations of a rise to 1.51. The business climate indicator had registered a reading of 1.44 in the prior month.
Euro-zone economic sentiment indicator advanced in November
The economic sentiment indicator in the Euro-zone recorded a rise to 114.60 in November, compared to a revised reading of 114.10 in the prior month. Markets were expecting the economic sentiment indicator to advance to 114.60.
Euro-zone industrial confidence index rose in November
The industrial confidence index climbed to 8.20 in the Euro-zone, in November, compared to a revised reading of 8.00 in the previous month. Markets were anticipating the industrial confidence index to climb to 8.60.
Euro-zone services sentiment indicator climbed in November
In November, the services sentiment indicator in the Euro-zone advanced to 16.30, compared to a level of 16.20 in the previous month. Market expectation was for the services sentiment indicator to climb to 16.70.
Euro-zone consumer confidence index advanced in November
In November, the final consumer confidence index in the Euro-zone advanced to 0.10, in line with market expectations. The preliminary figures had also recorded a rise to 0.10. In the prior month, the consumer confidence index had recorded a revised reading of -1.10.
German CPI rose more than expected in November
On an annual basis in November, the flash consumer price index (CPI) rose 1.80% in Germany, compared to a rise of 1.60% in the previous month. Markets were expecting the CPI to rise 1.70%.
German CPI advanced as expected in November
The flash CPI in Germany recorded a rise of 0.30% on a monthly basis in November, at par with market expectations. In the prior month, the CPI had recorded an unchanged reading.
German HICP rose more than expected in November
The flash harmonised consumer price index (HICP) in Germany advanced 1.80% on a YoY basis in November, compared to an advance of 1.50% in the previous month. Markets were anticipating the HICP to climb 1.70%.
German HICP rose more than expected in November
In November, the flash HICP advanced 0.30% in Germany on a monthly basis, higher than market expectations for a rise of 0.20%. In the previous month, the HICP had registered a drop of 0.10%.
French GDP advanced as expected in 3Q 2017
In 3Q 2017, on a quarterly basis, the flash gross domestic product (GDP) advanced 0.50% in France, compared to a similar rise in the previous quarter. Market expectation was for GDP to rise 0.50%.
French consumer spending declined more than expected in October
On a MoM basis, in France, consumer spending dropped 1.90% in October, compared to a revised advance of 1.00% in the previous month. Market expectation was for consumer spending to ease 0.10%.
French GDP rose as expected in 3Q 2017
The flash GDP in France climbed 2.20% in 3Q 2017 on a YoY basis, meeting market expectations. In the previous quarter, GDP had registered a similar rise.
Spanish HICP rose less than expected in November
In Spain, the flash HICP climbed 1.70% on an annual basis in November, compared to a similar rise in the previous month. Markets were anticipating the HICP to rise 1.90%.
Spanish CPI rose less than expected in November
In November, on an annual basis, the flash CPI registered a rise of 1.60% in Spain, less than market expectations for an advance of 1.70%. In the previous month, the CPI had registered a similar rise.
Spanish HICP advanced less than expected in November
The preliminary HICP rose 0.30% on a MoM basis in Spain, in November, lower than market expectations for an advance of 0.40%. In the prior month, the HICP had risen 0.60%.
Spanish CPI advanced less than expected in November
The preliminary CPI in Spain registered a rise of 0.40% on a monthly basis in November, compared to a rise of 0.90% in the prior month. Markets were anticipating the CPI to advance 0.50%.
Swiss UBS consumption indicator climbed in October
In October, UBS consumption indicator in Switzerland climbed to 1.54. In the prior month, UBS consumption indicator had recorded a revised reading of 1.51.
Swiss economic expectations index rose in November
The economic expectations index rose to a level of 40.70 in November, in Switzerland. The economic expectations index had registered a reading of 32.00 in the prior month.
Yellen upbeat on the US economy, warned on swelling public debt
The Fed Chairwoman, Janet Yellen, reiterated that economic expansion in the US is increasingly broad based and that further gradual interest rate hikes are essential to sustain a healthy labour market and stabilise inflation at the central bank’s target. However, Yellen expressed significant concerns over the nation’s surging public debt and income inequality.
Inflationary pressures in US picking up, indicated Fed’s Beige Book
According to the Fed’s Beige Book report, the US economy grew at a modest to moderate pace in October through mid-November. Further, it revealed that inflationary pressures have strengthened and the labour market has continued to tighten. Most districts reported employers were having difficulties finding qualified workers across skill levels, while wage growth was modest or moderate.
US annualised GDP advanced more than expected in 3Q 2017
On a QoQ basis, the second estimate of annualised GDP registered a rise of 3.30% in the US, in 3Q 2017, compared to an advance of 3.10% in the previous quarter. Market expectation was for the annualised GDP to climb 3.20%. The preliminary figures had indicated a rise of 3.00%.
US pending home sales rose less than expected in October
On a YoY basis in October, pending home sales climbed 1.20% in the US, lower than market expectations for an advance of 3.00%. In the previous month, pending home sales had recorded a revised drop of 5.70%.
US personal consumption rose less than expected in 3Q 2017
The second estimate of personal consumption registered a rise of 2.30% in the US on a quarterly basis in 3Q 2017, compared to a rise of 3.30% in the prior quarter. Markets were anticipating personal consumption to rise 2.50%. The preliminary figures had indicated an advance of 2.40%.
US GDP price index rose less than expected in 3Q 2017
In 3Q 2017, on a quarterly basis, the second estimate of GDP price index registered a rise of 2.10% in the US, lower than market expectations for an advance of 2.20%. The preliminary figures had recorded an advance of 2.20%. The GDP price index had recorded a rise of 1.00% in the previous quarter.
US pending home sales advanced more than expected in October
On a MoM basis, pending home sales in the US rose 3.50% in October, higher than market expectations for an advance of 1.00%. In the previous month, pending home sales had recorded a revised drop of 0.40%.
US core personal consumption expenditure advanced more than expected in 3Q 2017
The second estimate of core personal consumption expenditure advanced 1.40% in the US on a quarterly basis in 3Q 2017, compared to an advance of 0.90% in the prior quarter. Markets were expecting core personal consumption expenditure to rise 1.30%. The preliminary figures had indicated a rise of 1.30%.
US mortgage applications dropped in the last week
On a weekly basis, mortgage applications in the US slid 3.10% in the week ended 24 November 2017. In the previous week, mortgage applications had recorded a rise of 0.10%.
Japanese industrial production advanced less than expected in October
In October, on an annual basis, the preliminary industrial production advanced 5.90% in Japan, compared to an advance of 2.60% in the prior month. Markets were expecting industrial production to climb 7.10%.
Japanese vehicle production rose in October
Vehicle production in Japan registered a rise of 6.40% in October on a YoY basis. In the previous month, vehicle production had climbed 1.70%.
Foreign investors remained net sellers of Japanese stocks in the previous week
Foreign investors were net sellers of ¥156.20 billion worth of Japanese stocks in the week ended 24 November 2017, from being net sellers of a revised ¥324.70 billion worth of Japanese stocks in the prior week.
Foreign investors turned net buyers of Japanese bonds in the previous week
Foreign investors turned net buyers of ¥543.50 billion worth of Japanese bonds in the week ended 24 November 2017, as compared to being net sellers of a revised ¥285.00 billion worth of Japanese bonds in the prior week.
Japanese investors became net buyers of foreign bonds in the previous week
Japanese investors were net buyers of ¥135.60 billion worth of foreign bonds in the week ended 24 November 2017, as compared to being net buyers of a revised ¥235.30 billion worth of foreign bonds in the prior week.
Japanese industrial production rose less than expected in October
The flash industrial production registered a rise of 0.50% on a monthly basis in Japan, in October, compared to a drop of 1.00% in the prior month. Markets were expecting industrial production to climb 1.80%.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors remained net buyers of ¥136.30 billion worth of foreign stocks in the week ended 24 November 2017, from being net buyers of ¥330.90 billion worth of foreign stocks in the previous week.
Chinese NBS manufacturing PMI unexpectedly climbed in November
The NBS manufacturing PMI advanced unexpectedly to 51.80 in November, in China, compared to a reading of 51.60 in the prior month. Market expectation was for the NBS manufacturing PMI to drop to 51.40.
Chinese NBS non-manufacturing PMI rose in November
The NBS non-manufacturing PMI climbed to 54.80 in November, in China, compared to a reading of 54.30 in the prior month.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
