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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
US NY Empire State manufacturing index rose in October
In the US, the NY Empire State manufacturing index climbed to a level of 21.10 in October, compared to market expectations of a rise to a reading of 20.00. In the previous month, the index had registered a reading of 19.00.
US advance retail sales rose less than expected in September
The US advance retail sales recorded a rise of 0.10% on a MoM basis in September, less than market expectations for a rise of 0.60%. Advance retail sales had registered a similar rise in the prior month.
Canadian existing home sales unexpectedly declined in September
In Canada, existing home sales unexpectedly eased 0.40% on a monthly basis, in Septembesr, lower than market expectations for a steady reading. In the prior month, existing home sales had advanced 0.90%.
RBA minutes: Officials upbeat on economy, but see no strong case for near-term rate hike
The minutes of the Reserve Bank of Australia’s (RBA) October monetary policy meeting showed that policymakers remained confident on economy and are in no hurry for a near-term move in monetary policy. Nevertheless, the minutes indicated that next move in interest rates was more likely to be up, as inflation and wages are likely to remain subdued.
Chinese CPI advanced as expected in September
In China, the consumer price index (CPI) advanced 2.50% in September on a YoY basis, compared to an advance of 2.30% in the previous month. Market expectation was for the CPI to rise 2.50%.
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