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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index unexpectedly slid in January
On a MoM basis, the Halifax house price index unexpectedly fell 0.60% in January, in the UK, compared to a similar fall in the previous month. Markets were anticipating the Halifax house price index to climb 0.20%.
UK house price balance remained flat in January
In January, house price balance remained flat at a level of 8.00 % in the UK, compared to market expectations of a drop to a level of 5.00 %.
UK Halifax house price index rose less than expected in the November-January 2018 period
In the November-January 2018 period, the Halifax house price index recorded a rise of 2.20% in the UK on a YoY basis, lower than market expectations for an advance of 2.40%. In the October-December 2017 period, the Halifax house price index had advanced 2.70%.
German industrial production rose less than expected in December
The non-seasonally & working day adjusted industrial production recorded a rise of 6.50% in Germany, on an annual basis in December, lower than market expectations for a rise of 6.80%. In the prior month, industrial production had recorded a revised rise of 5.50%.
German industrial production declined less than expected in December
On a monthly basis, the seasonally adjusted industrial production dropped 0.60% in Germany, in December, lower than market expectations for a fall of 0.70%. Industrial production had risen by a revised 3.10% in the prior month.
French trade deficit dropped in December
Trade deficit in France narrowed to €3.47 billion in December, compared to a revised trade deficit of €5.62 billion in the prior month. Market expectation was for the nation’s trade deficit to fall to €4.85 billion.
French current account deficit slid in December
Current account deficit in France fell to €0.90 billion in December, following a current account deficit of €3.30 billion in the previous month.
Italian retail sales unexpectedly dropped in December
In Italy, the non-seasonally adjusted retail sales unexpectedly fell 0.10% on a YoY basis in December, lower than market expectations for a rise of 1.00%. In the prior month, retail sales had risen 1.40%.
Italian retail sales fell more than expected in December
In Italy, the seasonally adjusted retail sales fell 0.30% in December, on a MoM basis, higher than market expectations for a drop of 0.20%. In the prior month, retail sales had climbed by a revised 0.90%.
Swiss foreign currency reserves dropped in January
Foreign currency reserves registered a drop to CHF 731.40 billion in Switzerland, in January, compared to a level of CHF 743.90 billion in the prior month.
Swiss UBS real estate bubble index fell in 4Q 2017
The UBS real estate bubble index fell to a level of 1.32 in 4Q 2017, in Switzerland. In the previous quarter, the UBS real estate bubble index had registered a revised reading of 1.34.
US mortgage applications rose in the last week
In the week ended 02 February 2018, on a weekly basis, mortgage applications advanced 0.70% in the US. Mortgage applications had recorded a drop of 2.60% in the prior week.
Canadian building permits rose more than expected in December
On a MoM basis, building permits in Canada recorded a rise of 4.80% in December, more than market expectations for an advance of 2.00%. In the prior month, building permits had registered a revised drop of 7.30%.
Japanese (BOP basis) trade surplus widened in December
In December, (BOP basis) trade surplus in Japan rose to ¥538.90 billion, compared to a (BOP basis) trade surplus of ¥181.00 billion in the prior month. Market expectation was for the nation to register a (BOP basis) trade surplus of ¥520.40 billion.
Japanese current account surplus narrowed in December
Japan has posted the non-seasonally adjusted current account surplus of ¥797.20 billion in December, compared to a current account surplus of ¥1347.30 billion in the previous month. Market expectation was for the nation to register a current account surplus of ¥1056.90 billion.
Foreign investors became net sellers of Japanese stocks in the previous week
Foreign investors were net sellers of ¥126.70 billion worth of Japanese stocks in the week ended 02 February 2018, as compared to being net sellers of a revised ¥171.80 billion worth of Japanese stocks in the previous week.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥466.50 billion worth of foreign stocks in the week ended 02 February 2018, as compared to being net buyers of ¥374.50 billion worth of foreign stocks in the previous week.
Japanese coincident index advanced in December
In December, the preliminary coincident index in Japan registered a rise to 120.70, higher than market expectations of an advance to a level of 120.50. The coincident index had recorded a reading of 117.90 in the previous month.
Japanese investors turned net sellers of foreign bonds in the previous week
Japanese investors turned net sellers of ¥866.60 billion worth of foreign bonds in the week ended 02 February 2018, from being net buyers of a revised ¥16.40 billion worth of foreign bonds in the prior week.
Foreign investors became net sellers of Japanese bonds in the previous week
Foreign investors were net sellers of ¥353.10 billion worth of Japanese bonds in the week ended 02 February 2018, from being net sellers of a revised ¥253.80 billion worth of Japanese bonds in the previous week.
Japanese bank lending ex-trust advanced in January
On a YoY basis, bank lending ex-trust advanced 2.30% in Japan, in January. In the prior month, bank lending ex-trust had climbed 2.40%.
Japanese average office vacancies in Tokyo climbed in January
Average office vacancies in Tokyo rose 3.07% on a MoM basis in Japan, in January. In the prior month, average office vacancies in Tokyo had recorded a rise of 3.12%.
Japanese adjusted (total) current account surplus fell in December
Adjusted (total) current account surplus in Japan fell to ¥1479.60 billion in December, compared to market expectations of an adjusted (total) current account surplus of ¥1652.60 billion. Japan had posted an adjusted (total) current account surplus of ¥1700.50 billion in the prior month.
Japanese housing loans advanced in 4Q 2017
Housing loans in Japan advanced 2.90% in 4Q 2017 on a YoY basis. Housing loans had risen by a revised 3.00% in the prior quarter.
Japanese bank lending including trusts climbed in January
Bank lending including trusts registered a rise of 2.40% on a YoY basis, in January, in Japan. Bank lending including trusts had advanced 2.50% in the previous month.
Japanese leading economic index fell in December
The flash leading economic index in Japan registered a drop to 107.90 in December, compared to a level of 108.30 in the prior month. Markets were anticipating the leading economic index to drop to a level of 108.10.
Chinese trade surplus slid in January
China has reported trade surplus of $20.34 billion in January, compared to a trade surplus of $54.69 billion in the prior month. Markets were expecting the nation to register a trade surplus of $54.65 billion.
Chinese exports advanced more than expected in January
On a YoY basis, exports climbed 11.10% in China, in January, higher than market expectations for a rise of 10.70%. Exports had registered a rise of 10.90% in the previous month.
Chinese imports advanced more than expected in January
In January, imports in China recorded a rise of 36.90% on a YoY basis, higher than market expectations for a rise of 10.60%. In the previous month, imports had climbed 4.50%.
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