The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone CPI advanced as expected in August
In the Euro-zone, the consumer price index (CPI) registered a rise of 0.20% in August, on a monthly basis, at par with market expectations. In the prior month, the CPI had recorded a drop of 0.30%.
Italian trade surplus rose in July
Trade surplus in Italy widened to €5676.00 million in July. Italy had reported a revised trade surplus of €5174.00 million in the prior month.
US NY Empire State manufacturing index dropped in September
In the US, the NY Empire State manufacturing index recorded a drop to a level of 19.00 in September, compared to market expectations of a drop to a level of 23.00. The index had registered a level of 25.60 in the prior month.
Canadian existing home sales advanced in August
In Canada, existing home sales advanced 0.90% on a monthly basis, in August. Existing home sales had recorded a rise of 1.90% in the prior month.
RBA minutes: Officials see no strong case for near-term rate hike
The minutes of the Reserve Bank of Australia’s (RBA) September monetary policy meeting showed that policymakers are in no hurry for a near-term move in monetary policy. Also, the central bank noted that substantial tensions surrounding global trade policy indicates material risk to the global outlook.
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