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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
BoE’s Carney signalled gradual rate hikes, warned about Brexit pushing up inflation
The Bank of England (BoE) Governor, Mark Carney, indicated that any prospective increases in interest rate would be at a gradual pace and to a limited extent. He also added that Brexit is likely to hurt the UK’s growth prospects in the short term and push up inflation as the country adjusts to life outside the European Union.
Euro-zone core CPI advanced as expected in August
In August, the final core consumer price index (CPI) registered a rise of 1.20% in the Euro-zone on a YoY basis, compared to a similar rise in the prior month. Markets were expecting the core CPI to advance 1.20%. The preliminary figures had also indicated a rise of 1.20%.
Euro-zone CPI rose as expected in August
In August, on a YoY basis, the final CPI registered a rise of 1.50% in the Euro-zone, compared to a rise of 1.30% in the previous month. The preliminary figures had recorded a rise of 1.30%. Markets were expecting the CPI to climb 1.50%.
Euro-zone CPI rose as expected in August
The CPI advanced 0.30% in the Euro-zone on a MoM basis in August, at par with market expectations. In the prior month, the CPI had dropped 0.50%.
Italian trade surplus expanded in July
In July, (non-EU countries) trade surplus in Italy rose to €4.53 billion. Italy had posted a trade surplus of €3.28 billion in the previous month.
Italian trade surplus rose in July
In July, (EU countries) trade surplus in Italy rose to €2.03 billion, following a revised trade surplus of €1.22 billion in the prior month.
US net treasury international capital (TIC) long term purchases dropped in July
In July, net treasury international capital (TIC) long term purchases recorded a drop to $1.30 billion in the US, compared to a level of $34.40 billion in the previous month.
US housing market index unexpectedly fell in September
Compared to a revised level of 67.00 in the previous month the housing market index recorded an unexpected drop to 64.00 in September, in the US. Markets were expecting the housing market index to record a steady reading.
US total net TIC flows declined in July
In the US, total net TIC flows recorded a drop to $7.30 billion in July. Total net TIC flows had recorded a revised level of $5.90 billion in the previous month.
Canadian investors turned net sellers of foreign securities in the previous month
Canadian investors turned net sellers of C$1.83 billion worth of foreign securities in July, from being net buyers of a revised C$13.32 billion worth of foreign securities in the previous month.
Foreign investors turned net buyers of Canadian securities in the previous month
Foreign investors turned net buyers of C$23.95 billion worth of Canadian securities in July, from being net sellers of a revised C$0.86 billion worth of Canadian securities in the prior month.
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