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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German imports surprisingly fell in September
In Germany, the seasonally adjusted imports recorded an unexpected drop of 0.40% on a monthly basis, in September, lower than market expectations for a rise of 0.80%. In the previous month, imports had dropped 2.70%.
German exports unexpectedly dropped in September
In Germany, the seasonally adjusted exports surprisingly eased 0.80% in September on a MoM basis, less than market expectations for an advance of 0.40%. Exports had fallen 0.10% in the previous month.
German trade surplus rose in September
Germany has posted the seasonally adjusted trade surplus of €18.40 billion in September, compared to a surplus of €17.20 billion in the previous month. Markets were anticipating a surplus of €20.00 billion.
Fed stands pat on interest rates, hinted December rate hike
The US Fed, at its November monetary policy meeting, opted to keep the benchmark interest rates unchanged in a range of 2.00% to 2.25%, as widely expected. However, the central bank signalled at an interest rate hike in December as well as three more hikes in 2019, following solid economic growth in the US.
US initial jobless claims decline in the last week
In the US, the seasonally adjusted initial jobless claims dropped to a level of 214.00 K in the week ended 03 November 2018, compared to a revised reading of 215.00 K in the prior week. Market expectation was for initial jobless claims to ease to a level of 214.00 K.
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