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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Employment in the UK unexpectedly increased in the September-November 2017 period
Employment in the UK climbed unexpectedly by 102.00 K in the September-November 2017 period, compared to market anticipations of a decline of 12.00 K. Employment had recorded a loss of 56.00 K in the August-October 2017 period.
Number of unemployment benefits claimants in the UK rose in December
In the UK, number of unemployment benefits claimants recorded an increase of 8.60 K in December, compared to a revised gain of 12.20 K in the prior month.
UK ILO unemployment rate remained steady in the September-November 2017 period
The ILO unemployment rate remained flat at a level of 4.30% in the September-November 2017 period, in the UK, in line with market expectations.
UK average earnings including bonus rose as expected in the September-November 2017 period
In the September-November 2017 period, the average earnings including bonus advanced 2.50% in the UK, on a YoY basis, at par with market expectations. The average earnings including bonus had registered a similar rise in the August-October 2017 period.
UK average earnings excluding bonus advanced more than expected in the September-November 2017 period
The average earnings excluding bonus in the UK advanced 2.40% on a YoY basis in the September-November 2017 period, compared to a rise of 2.30% in the August-October 2017 period. Market expectation was for the average earnings excluding bonus to climb 2.30%.
UK claimant count rate advanced in December
In December, the claimant count rate registered a rise to 2.40% in the UK. In the prior month, the claimant count rate had registered a reading of 2.30%.
Euro-zone services PMI surprisingly advanced in January
In January, the preliminary services PMI registered an unexpected rise to a level of 57.60 in the Euro-zone, compared to market expectations of a drop to a level of 56.40. Services PMI had recorded a level of 56.60 in the previous month.
Euro-zone composite PMI unexpectedly rose in January
The preliminary composite PMI advanced unexpectedly to 58.60 in the Euro-zone, in January, compared to market expectations of a drop to a level of 57.90. Composite PMI had registered a level of 58.10 in the previous month.
Euro-zone manufacturing PMI declined in January
In the Euro-zone, the preliminary manufacturing PMI fell to a level of 59.60 in January, compared to market expectations of a fall to 60.30. In the prior month, the manufacturing PMI had registered a level of 60.60.
German services PMI surprisingly advanced in January
The flash services PMI registered an unexpected rise to a level of 57.00 in January, in Germany, compared to market expectations of a fall to 55.50. Services PMI had recorded a reading of 55.80 in the prior month.
German manufacturing PMI dropped in January
The preliminary manufacturing PMI dropped to 61.20 in Germany, in January, compared to a level of 63.30 in the previous month. Markets were expecting manufacturing PMI to drop to a level of 63.00.
German Markit composite PMI declined in January
The preliminary Markit composite PMI fell to a level of 58.80 in January, compared to a level of 58.90 in the previous month. Market expectation was for Markit composite PMI to drop to a level of 58.50.
French manufacturing PMI dropped in January
In January, the preliminary manufacturing PMI in France dropped to 58.10, compared to market expectations of a fall to 58.60. Manufacturing PMI had registered a level of 58.80 in the prior month.
French Markit composite PMI surprisingly advanced in January
The flash Markit composite PMI registered an unexpected rise to 59.70 in January, in France, compared to a level of 59.60 in the prior month. Market expectation was for Markit composite PMI to drop to a level of 59.20.
French services PMI surprisingly climbed in January
In France, the preliminary services PMI climbed unexpectedly to 59.30 in January, compared to a level of 59.10 in the previous month. Markets were anticipating services PMI to fall to a level of 58.90.
Spanish PPI advanced in December
In Spain, the producer price index (PPI) climbed 0.20% on a MoM basis, in December. The PPI had risen 0.50% in the prior month.
Spanish PPI rose in December
In December, on a YoY basis, the PPI climbed 1.80% in Spain. The PPI had recorded a revised rise of 3.20% in the prior month.
US Markit composite PMI eased in January
In January, the flash Markit composite PMI eased to 53.80 in the US. Markit composite PMI had registered a reading of 54.10 in the previous month.
US existing home sales slid in December
Existing home sales in the US recorded a drop of 3.60%, on monthly basis, to a level of 5.57 million in December, lower than market expectations of 5.70 million. In the prior month, existing home sales had registered a revised level of 5.78 million.
US Markit manufacturing PMI surprisingly climbed in January
In January, the flash Markit manufacturing PMI advanced unexpectedly to 55.50 in the US, higher than market expectations of a fall to a level of 55.00. The Markit manufacturing PMI had registered a reading of 55.10 in the prior month.
US Markit services PMI surprisingly declined in January
In January, the flash Markit services PMI in the US eased unexpectedly to 53.30, compared to market expectations of an advance to 54.30. Markit services PMI had recorded a reading of 53.70 in the prior month.
US housing price index rose less than expected in November
On a MoM basis, the housing price index in the US advanced 0.40% in November, lower than market expectations for an advance of 0.50%. In the prior month, the housing price index had registered a revised rise of 0.60%.
US mortgage applications advanced in the last week
In the week ended 19 January 2018, on a weekly basis, mortgage applications advanced 4.50% in the US. Mortgage applications had recorded a rise of 4.10% in the prior week.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥379.80 billion worth of foreign stocks in the week ended 19 January 2018, as compared to being net buyers of a revised ¥93.10 billion worth of foreign stocks in the previous week.
Foreign investors turned net sellers of Japanese stocks in the previous week
Foreign investors turned net sellers of ¥148.20 billion worth of Japanese stocks in the week ended 19 January 2018, as compared to being net buyers of ¥498.70 billion worth of Japanese stocks in the previous week.
Japanese coincident index advanced in November
In November, the final coincident index in Japan climbed to 117.90. The coincident index had registered a reading of 116.40 in the previous month. The preliminary figures had recorded an advance to 118.10.
Foreign investors turned net sellers of Japanese bonds in the previous week
Foreign investors turned net sellers of ¥413.40 billion worth of Japanese bonds in the week ended 19 January 2018, as compared to being net buyers of ¥86.80 billion worth of Japanese bonds in the previous week.
Japanese leading economic index advanced in November
The final leading economic index climbed to 108.30 in Japan, in November. The leading economic index had registered a level of 106.50 in the previous month. The preliminary figures had recorded an advance to 108.60.
Japanese investors remained net buyers of foreign bonds in the previous week
Japanese investors were net buyers of ¥411.10 billion worth of foreign bonds in the week ended 19 January 2018, from being net buyers of a revised ¥957.80 billion worth of foreign bonds in the prior week.
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