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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house price balance declined in November
House price balance recorded a drop to 0.00% in the UK, in November, compared to a reading of 1.00% in the prior month. Market expectation was for house price balance to fall to 0.00%.
Number of unemployment benefits claimants in the UK increased in November
Number of unemployment benefits claimants recorded an increase of 5.90 K in the UK, in November. Number of unemployment benefits claimants had recorded a revised gain of 6.50 K in the prior month.
UK claimant count rate steadied in November
The claimant count rate in the UK remained unchanged at a level of 2.30% in November.
UK average earnings including bonus rose as expected in the August-October 2017 period
In the August-October 2017 period, on a YoY basis, the average earnings including bonus in the UK registered a rise of 2.50%, compared to a revised rise of 2.30% in the July-September 2017 period. Market expectation was for the average earnings including bonus to rise 2.50%.
UK average earnings excluding bonus rose more than expected in the August-October 2017 period
On a YoY basis, in the UK, the average earnings excluding bonus registered a rise of 2.30% in the August-October 2017 period, compared to a rise of 2.20% in the July-September 2017 period. Markets were anticipating the average earnings excluding bonus to climb 2.20%.
UK ILO unemployment rate remained steady in the August-October 2017 period
In the UK, the ILO unemployment rate remained unchanged at a level of 4.30% in the August-October 2017 period, compared to market expectations of a drop to 4.20%.
Employment in the UK dropped in the August-October 2017 period
Employment in the UK registered a drop of 56.00 K in the August-October 2017 period, higher than market anticipations of a decline of 40.00 K. Employment had registered a decline of 14.00 K in the July-September 2017 period.
Euro-zone number of persons employed advanced in 3Q 2017
On a QoQ basis, the number of persons employed registered a rise of 0.40% in 3Q 2017, in the Euro-zone. In the prior quarter, the number of persons employed had registered a similar rise.
Euro-zone industrial production rose more than expected in October
In October, on a YoY basis, the working day adjusted industrial production rose 3.70% in the Euro-zone, more than market expectations for a rise of 3.20%. In the previous month, industrial production had risen by a revised 3.40%.
Euro-zone industrial production surprisingly climbed in October
On a MoM basis, in October, the seasonally adjusted industrial production registered an unexpected rise of 0.20% in the Euro-zone, compared to a revised drop of 0.50% in the previous month. Markets were anticipating industrial production to remain flat.
German HICP rose as expected in November
In November, on a monthly basis, the final harmonised consumer price index (HICP) recorded a rise of 0.30% in Germany, meeting market expectations. In the prior month, the HICP had registered a drop of 0.10%. The preliminary figures had also recorded an advance of 0.30%.
German HICP advanced as expected in November
In November, the final HICP recorded a rise of 1.80% on a YoY basis in Germany, meeting market expectations. The preliminary figures had also indicated an advance of 1.80%. In the previous month, the HICP had registered a rise of 1.50%.
German wholesale price index rose in November
The wholesale price index in Germany advanced 0.50% on a MoM basis, in November. In the prior month, the wholesale price index had recorded an unchanged reading.
German wholesale price index rose in November
The wholesale price index climbed 3.30% on an annual basis in Germany, in November. In the previous month, the wholesale price index had recorded a rise of 3.00%.
German CPI rose as expected in November
The final consumer price index (CPI) advanced 1.80% on an annual basis in Germany, in November, compared to an advance of 1.60% in the previous month. The preliminary figures had also recorded an advance of 1.80%. Markets were expecting the CPI to rise 1.80%.
German CPI rose as expected in November
On a monthly basis, the final CPI rose 0.30% in November, in Germany, at par with market expectations. The preliminary figures had also recorded an advance of 0.30%. The CPI had registered a flat reading in the prior month.
Italian industrial production rose less than expected in October
On a monthly basis, in Italy, the seasonally adjusted industrial production recorded a rise of 0.50% in October, lower than market expectations for an advance of 0.70%. In the previous month, industrial production had fallen 1.30%.
Italian industrial production advanced less than expected in October
Adjusted industrial production advanced 3.10% on an annual basis in Italy, in October, lower than market expectations for a rise of 3.40%. In the previous month, industrial production had climbed by a revised 2.20%.
Italian industrial production advanced more than expected in October
In October, on an annual basis, the non-seasonally adjusted industrial production registered a rise of 6.40% in Italy, more than market expectations for an advance of 0.80%. Industrial production had recorded a revised drop of 0.90% in the prior month.
Fed raised key interest rates, upgraded growth forecast for 2018
The Federal Reserve (Fed), at its latest monetary policy meeting, voted 7-2 to raise its benchmark interest rate by a quarter percent point to a range of 1.25% to 1.50%, citing a tightening labour market and strengthening economy. Further, the central bank raised its US economic growth forecast to 2.50% in 2018, up from 2.10% estimated earlier, as officials expect a modest boost to the economy from the Trump administration’s proposed tax cuts. The central bank stuck to its projection of three rate hikes in 2018 and confirmed that it would step up the monthly pace of shrinking its balance sheet to $20.00 billion beginning in January.
US CPI advanced as expected in November
In November, the CPI in the US, advanced 2.20% on an annual basis, meeting market expectations. The CPI had advanced 2.00% in the previous month.
US CPI rose as expected in November
On a monthly basis, the CPI in the US climbed 0.40% in November, meeting market expectations. The CPI had registered a rise of 0.10% in the previous month.
US CPI (ex-food & energy) rose less than expected in November
The CPI (ex-food & energy) recorded a rise of 0.10% in the US on a MoM basis in November, compared to an advance of 0.20% in the prior month. Market anticipation was for the CPI (ex-food & energy) to climb 0.20%.
US mortgage applications slid in the last week
Mortgage applications recorded a drop of 2.30% in the US on a weekly basis, in the week ended 08 December 2017. Mortgage applications had registered a rise of 4.70% in the prior week.
US CPI (ex-food & energy) advanced less than expected in November
On a YoY basis in the US, the CPI (ex-food & energy) climbed 1.70% in November, compared to a rise of 1.80% in the prior month. Markets were anticipating the CPI (ex-food & energy) to rise 1.80%.
US CPI remained flat in November
In November, on a MoM basis, the non-seasonally adjusted CPI remained steady in the US. CPI had dropped 0.10% in the previous month.
Canadian house price index dropped in November
On a monthly basis, the house price index fell 0.50% in November, in Canada. In the previous month, the house price index had fallen 1.00%.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors remained net buyers of ¥376.40 billion worth of foreign stocks in the week ended 08 December 2017, as compared to being net buyers of ¥603.90 billion worth of foreign stocks in the prior week.
Foreign investors became net buyers of Japanese bonds in the previous week
Foreign investors remained net buyers of ¥844.20 billion worth of Japanese bonds in the week ended 08 December 2017, as compared to being net buyers of ¥221.80 billion worth of Japanese bonds in the previous week.
Japanese investors remained net sellers of foreign bonds in the previous week
Japanese investors remained net sellers of ¥487.60 billion worth of foreign bonds in the week ended 08 December 2017, as compared to being net sellers of a revised ¥204.00 billion worth of foreign bonds in the previous week.
Foreign investors remained net sellers of Japanese stocks in the previous week
Foreign investors remained net sellers of ¥84.80 billion worth of Japanese stocks in the week ended 08 December 2017, as compared to being net sellers of a revised ¥166.80 billion worth of Japanese stocks in the prior week.
Japanese Tokyo condominium sales climbed in November
Tokyo condominium sales in Japan rose 24.60% on an annual basis, in November. In the prior month, Tokyo condominium sales had dropped 3.00%.
Japanese manufacturing PMI rose in December
In December, the preliminary manufacturing PMI rose to a level of 54.20 in Japan. Manufacturing PMI had recorded a level of 53.60 in the prior month.
Chinese retail sales rose less than expected in November
On a YoY basis, retail sales registered a rise of 10.20% in November, in China, compared to an advance of 10.00% in the prior month. Markets were anticipating retail sales to advance 10.30%.
Chinese retail sales (YTD) advanced as expected in November
On a YoY basis, retail sales (YTD) rose 10.30% in China, in November, meeting market expectations. Retail sales (YTD) had registered a similar rise in the prior month.
Chinese industrial production rose as expected in November
In November, industrial production rose 6.10% in China, on an annual basis, in line with market expectations. Industrial production had climbed 6.20% in the previous month.
Chinese industrial production (YTD) advanced as expected in November
Industrial production (YTD) advanced 6.60% on an annual basis in China, in November, at par with market expectations. Industrial production (YTD) had risen 6.70% in the prior month.
Chinese fixed assets investment excl. rural YTD rose as expected in November
In China, fixed assets investment excl. rural YTD rose 7.20% on a YoY basis in November, at par with market expectations. Fixed assets investment excl. rural YTD had recorded a rise of 7.30% in the prior month.
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