Hot Features
Premium
Level up your trading with our powerful tools and real-time insights all in one place.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone retail PMI climbed in November
In November, the retail PMI rose to a level of 52.40 in the Euro-zone. In the previous month, the retail PMI had registered a level of 51.10.
German factory orders rose less than expected in October
The non-seasonally adjusted factory orders recorded a rise of 6.90% in Germany on an annual basis in October, compared to a revised rise of 9.70% in the previous month. Markets were expecting factory orders to climb 7.00%.
German factory orders surprisingly rose in October
In October, the seasonally adjusted factory orders recorded an unexpected rise of 0.50% on a monthly basis in Germany, compared to a revised rise of 1.20% in the previous month. Markets were anticipating factory orders to drop 0.20%.
Swiss CPI rose as expected in November
In November, the consumer price index (CPI) in Switzerland, rose 0.80% on an annual basis, meeting market expectations. The CPI had risen 0.70% in the previous month.
Swiss CPI unexpectedly slid in November
On a monthly basis, in Switzerland, the CPI unexpectedly eased 0.10% in November, compared to a rise of 0.10% in the previous month. Markets were anticipating the CPI to record an unchanged reading.
Swiss EU HICP advanced in November
In Switzerland, the EU harmonised consumer price index (HICP) climbed 0.80% on an annual basis, in November. In the prior month, the EU HICP had registered a similar rise.
Swiss EU HICP fell in November
On a monthly basis, the EU HICP slid 0.30% in November, in Switzerland. In the prior month, the EU HICP had advanced 0.10%.
US non-farm business productivity rose less than expected in 3Q 2017
The final non-farm business productivity climbed 3.00% on a QoQ basis in the US, in 3Q 2017, compared to a rise of 1.50% in the prior quarter. Market expectation was for the non-farm business productivity to advance 3.30%. The preliminary figures had also recorded an advance of 3.00%.
US mortgage applications rose in the last week
On a weekly basis, mortgage applications recorded a rise of 4.70% in the US, in the week ended 01 December 2017. Mortgage applications had registered a drop of 3.10% in the prior week.
US unit labour costs in non-farm businesses unexpectedly dropped in 3Q 2017
On a quarterly basis in 3Q 2017, the final unit labour costs in non-farm businesses unexpectedly eased 0.20% in the US, compared to market expectations for an advance of 0.20%. In the prior quarter, the unit labour costs in non-farm businesses had registered a revised rise of 0.30%. The preliminary figures had indicated an advance of 0.50%.
Private sector employment in the US rose in November
The private sector employment in the US registered a rise of 190.00 K in November, at par with market expectations 190.00 K. The private sector employment had recorded an increase of 235.00 K in the previous month.
BoC held interest rate steady at 1.00%
The Bank of Canada (BoC), at its December monetary policy meeting, kept the benchmark interest rate steady at 1.00%, as widely expected. In a statement accompanying its rate decision, the central bank stated that interest rate hikes will likely be required over time, citing encouraging job and wage growth, but reiterated that it will be “cautious” with future rate hikes and added that any move will be based on the outlook for inflation and wage growth.
Canadian labour productivity eased in 3Q 2017
In 3Q 2017, on a QoQ basis, labour productivity in Canada registered a drop of 0.60%. In the previous quarter, labour productivity had dropped by a revised 0.20%.
Japanese foreign exchange reserves climbed in November
In November, foreign exchange reserves in Japan advanced to $1261.20 billion. In the previous month, foreign exchange reserves had registered a level of $1260.90 billion.
Japanese investors turned net sellers of foreign bonds in the previous week
Japanese investors turned net sellers of ¥208.10 billion worth of foreign bonds in the week ended 01 December 2017, as compared to being net buyers of a revised ¥138.00 billion worth of foreign bonds in the previous week.
Foreign investors became net sellers of Japanese stocks in the previous week
Foreign investors were net sellers of ¥167.10 billion worth of Japanese stocks in the week ended 01 December 2017, as compared to being net sellers of a revised ¥155.30 billion worth of Japanese stocks in the prior week.
Foreign investors remained net buyers of Japanese bonds in the previous week
Foreign investors were net buyers of ¥221.80 billion worth of Japanese bonds in the week ended 01 December 2017, from being net buyers of ¥543.50 billion worth of Japanese bonds in the prior week.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors remained net buyers of ¥603.90 billion worth of foreign stocks in the week ended 01 December 2017, from being net buyers of ¥136.30 billion worth of foreign stocks in the previous week.
Japanese average office vacancies in Tokyo rose in November
Average office vacancies in Tokyo rose 3.03% in Japan on a monthly basis, in November. Average office vacancies in Tokyo had advanced 3.02% in the prior month.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
