Guardian Stockbrokers Key Economic News Tuesday 29 September 2020

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

ECB President says that the central bank is ready to deploy more monetary stimulus

European Central Bank (ECB) President, Christine Lagarde, in her latest speech, stated that the central bank is ready to deploy more monetary stimulus to aid the recovery from the pandemic, if needed. However, Lagarde indicated that the recovery across the Euro-zone is uncertain and incomplete with consumers cautious to spend and companies reluctant to invest. Further, she warned that the public health crisis will continue to weigh on economic activity and poses downside risks to the economic outlook. Also, she stated that deflation will persist over the coming months, partly because of the recent appreciation of the euro.

US Dallas Fed manufacturing business index advanced in September

In the US, the Dallas Fed manufacturing business index climbed to 13.60 in September, compared to a level of 8.00 in the previous month.

Japanese Tokyo CPI rose in September

In Japan, the Tokyo consumer price index (CPI) recorded a rise of 0.20% on a YoY basis in September, compared to a rise of 0.30% in the previous month.

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