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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
ECB minutes: Officials may revisit policy guidance soon
As per the minutes of the European Central Bank’s (ECB) December policy meeting, officials were mulling over broader revision of its policy guidance early this year, as members broadly shared the view that the Euro-zone’s economy continued its robust and increasingly self-sustaining economic expansion.
Euro-zone industrial production advanced more than expected in November
In November, the working day adjusted industrial production registered a rise of 3.20% in the Euro-zone on a YoY basis, compared to a revised rise of 3.90% in the prior month. Markets were anticipating industrial production to rise 3.10%.
Euro-zone industrial production advanced more than expected in November
In November, the seasonally adjusted industrial production rose 1.00% on a MoM basis in the Euro-zone, compared to a revised rise of 0.40% in the prior month. Market expectation was for industrial production to advance 0.80%.
German GDP rose less than expected in year 2017
The non-seasonally adjusted gross domestic product (GDP) in Germany registered a rise of 2.20% on a YoY basis in year 2017, less than market expectations for an advance of 2.30%. GDP had risen 1.90% in the prior year.
Italian retail sales rose more than expected in November
On an annual basis, the non-seasonally adjusted retail sales in Italy recorded a rise of 1.40% in November, compared to a revised drop of 2.30% in the previous month. Markets were expecting retail sales to climb 1.00%.
Italian retail sales rose more than expected in November
In November, the seasonally adjusted retail sales in Italy advanced 1.10% on a MoM basis, higher than market expectations for a rise of 1.00%. Retail sales had fallen 1.00% in the previous month.
Spanish calendar adjusted industrial output rose more than expected in November
On a YoY basis, the calendar adjusted industrial output in Spain climbed 4.20% in November, compared to a revised advance of 4.40% in the prior month. Markets were anticipating the calendar adjusted industrial output to rise 3.30%.
Spanish unadjusted industrial output climbed in November
On an annual basis, the unadjusted industrial output in Spain climbed 4.70% in November. The unadjusted industrial output had registered a revised rise of 7.00% in the previous month.
US initial jobless claims surprisingly climbed in the last week
The seasonally adjusted initial jobless claims advanced unexpectedly to a level of 261.00 K in the US, in the week ended 06 January 2018, compared to market expectations of a fall to a level of 245.00 K. Initial jobless claims had recorded a level of 250.00 K in the prior week.
US producer price (ex-food & energy) advanced less than expected in December
Producer price (ex-food & energy) recorded a rise of 0.10% on a monthly basis in the US, in December, lower than market expectations for a rise of 0.20%. Producer price (ex-food & energy) had risen 0.40% in the previous month.
US continuing jobless claims surprisingly slid in the last week
The seasonally adjusted continuing jobless claims fell unexpectedly to a level of 1867.00 K in the US, in the week ended 30 December 2017, compared to a revised reading of 1902.00 K in the prior week. Markets were anticipating continuing jobless claims to rise to a level of 1920.00 K.
US producer price surprisingly eased in December
Producer price in the US registered an unexpected drop of 0.10% on a MoM basis in December, compared to market expectations for a rise of 0.20%. In the previous month, producer price had climbed 0.40%.
US producer price (ex-food & energy) rose less than expected in December
In December, producer price (ex-food & energy) registered a rise of 2.30% in the US on an annual basis, lower than market expectations for a rise of 2.50%. Producer price (ex-food & energy) had registered a rise of 2.40% in the prior month.
US budget deficit fell in December
In December, budget deficit in the US fell to $23.20 billion, following a budget deficit of $138.50 billion in the previous month. Market anticipation was for the nation to register a budget deficit of $26.00 billion.
US producer price advanced less than expected in December
In December, producer price recorded a rise of 2.60% in the US on a YoY basis, less than market expectations for an advance of 3.00%. In the prior month, producer price had recorded a rise of 3.10%.
Canadian new housing price index climbed in November
In November, on an annual basis, the new housing price index in Canada registered a rise of 3.40%. In the prior month, the new housing price index had climbed 3.50%.
Canadian new housing price index advanced less than expected in November
In November, the new housing price index in Canada recorded a rise of 0.10% on a MoM basis, less than market expectations for a rise of 0.20%. In the previous month, the new housing price index had registered a similar rise.
Japanese (BOP basis) trade surplus dropped in November
Trade surplus (BOP basis) in Japan narrowed to ¥181.00 billion in November, following a (BOP basis) trade surplus of ¥430.20 billion in the prior month. Market expectation was for the nation to post a (BOP basis) trade surplus of ¥310.60 billion.
Japanese leading economic index rose in November
The preliminary leading economic index in Japan climbed to 108.60 in November, at par with market expectations. In the previous month, the leading economic index had recorded a reading of 106.50.
Japanese coincident index rose in November
The preliminary coincident index climbed to 118.10 in Japan, in November, compared to market expectations of an advance to a level of 117.90. The coincident index had recorded a reading of 116.40 in the previous month.
Foreign investors became net buyers of Japanese stocks in the previous week
Foreign investors remained net buyers of ¥597.90 billion worth of Japanese stocks in the week ended 05 January 2018, as compared to being net buyers of ¥76.20 billion worth of Japanese stocks in the previous week.
Japanese bank lending ex-trust rose in December
Bank lending ex-trust registered a rise of 2.40% in Japan on a YoY basis, in December. In the previous month, bank lending ex-trust had registered a rise of 2.70%.
Japanese investors became net buyers of foreign bonds in the previous week
Japanese investors remained net buyers of ¥173.00 billion worth of foreign bonds in the week ended 05 January 2018, as compared to being net buyers of ¥434.20 billion worth of foreign bonds in the prior week.
Japanese bank lending including trusts rose in December
Bank lending including trusts rose 2.50% in Japan on a YoY basis, in December. Bank lending including trusts had advanced 2.70% in the previous month.
Japanese current account surplus narrowed in November
The non-seasonally adjusted current account surplus in Japan dropped to ¥1347.30 billion in November, compared to a current account surplus of ¥2176.40 billion in the prior month. Markets were anticipating the country’s current account surplus to fall to ¥1836.10 billion.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors remained net buyers of ¥217.10 billion worth of foreign stocks in the week ended 05 January 2018, from being net buyers of ¥177.70 billion worth of foreign stocks in the prior week.
Japanese adjusted (total) current account surplus fell in November
Japan has registered adjusted (total) current account surplus of ¥1700.50 billion in November, following an adjusted (total) current account surplus of ¥2441.50 billion in the prior month. Markets were anticipating an adjusted (total) current account surplus of ¥2168.90 billion.
Foreign investors became net sellers of Japanese bonds in the previous week
Foreign investors remained net sellers of ¥128.30 billion worth of Japanese bonds in the week ended 05 January 2018, as compared to being net sellers of ¥2023.70 billion worth of Japanese bonds in the prior week.
Chinese exports rose more than expected in December
Exports in China recorded a rise of 10.90% in December on an annual basis, compared to a revised advance of 11.50% in the prior month. Markets were anticipating exports to rise 10.80%.
Chinese trade surplus expanded in December
Trade surplus in China expanded to $54.69 billion in December, compared to a revised trade surplus of $38.98 billion in the previous month. Market anticipation was for the country’s trade surplus to fall to $37.00 billion.
Chinese imports advanced less than expected in December
In December, on an annual basis, imports recorded a rise of 4.50% in China, lower than market expectations for a rise of 15.10%. In the previous month, imports had registered a revised rise of 17.60%.
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