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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
US initial jobless claims unexpectedly slid in the last week
In the US, the seasonally adjusted initial jobless claims unexpectedly eased to a level of 207.00 K in the week ended 29 September 2018, compared to a revised level of 215.00 K in the prior week. Market anticipation was for initial jobless claims to record a flat reading.
US durable goods orders rose less than expected in August
The final durable goods orders in the US advanced 4.40% on a MoM basis, in August, compared to a fall of 1.70% in the prior month. Market anticipation was for durable goods orders to climb 4.50%.
US factory orders advanced more than expected in August
The US factory orders climbed 2.30% in August on a MoM basis, compared to a revised fall of 0.50% in the previous month. Market expectation was for factory orders to climb 2.10%.
Canadian Ivey PMI dropped in September
In Canada, the seasonally adjusted Ivey PMI eased to a level of 50.40 in September, compared to a reading of 61.90 in the previous month.
Japanese labour cash earnings rose less than expected in August
Labour cash earnings in Japan recorded a rise of 0.90% on an annual basis in August, lower than market expectations for an advance of 1.30%. In the previous month, labour cash earnings had registered a rise of 1.50%.
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