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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German CPI unexpectedly dropped in August
In Germany, the preliminary CPI unexpectedly fell 0.10% on a MoM basis in August, compared to a drop of 0.50% in the previous month. Markets were expecting the CPI to record a flat reading.
US Dallas Fed manufacturing business index rose in August
In the US, the Dallas Fed manufacturing business index climbed to 8.00 in August, compared to a reading of -3.00 in the previous month.
Japanese unemployment rate climbed less than expected in July
In Japan, unemployment rate registered a rise to 2.90% in July, compared to a rate of 2.80% in the previous month. Markets were expecting unemployment rate to record an advance to 3.00%.
Australian AiG performance of manufacturing index fell in August
In Australia, the AiG performance of manufacturing index eased to a level of 49.30 in August, compared to a reading of 53.50 in the previous month.
Australian building approvals unexpectedly climbed in September
In Australia, the seasonally adjusted building approvals advanced 12.00% on a MoM basis in September, compared to a revised drop of 4.20% in the prior month. Market anticipations were for building approvals to decline by 2.00%.
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