Hot Features
Premium
Register for real-time alerts, custom portfolio, and market movers
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BoE asset purchase facility remained steady
The BoE has reported that BoE asset purchase facility in the UK remained unchanged at £375.00 billion, inline with market anticipation.
BoE held interest rates at 0.5%, sees weak inflation outlook
The BoE’s policy making committee voted 8-1 to keep interest rates steady at 0.5% and showed no sign of raising it in coming months as the outlook for inflation looked weaker than it was previously expected.
German imports fell more than expected in August
On a MoM basis, in Germany, the seasonally adjusted imports dropped 3.10% in August, higher than market expectations for a fall of 0.60%. In the prior month, imports had recorded a revised rise of 2.30%.
German exports declined more than expected in August
On a monthly basis, in August, the seasonally adjusted exports registered a drop of 5.20% in Germany, compared to a revised rise of 2.20% in the prior month. Markets were expecting exports to ease 0.90%.
German trade surplus slid in August
Germany has posted the seasonally adjusted trade surplus of €15.30 billion in August, compared to a trade surplus of €25.00 billion in the prior month. Markets were anticipating a trade surplus of €19.00 billion.
German current account surplus dropped in August
The non-seasonally adjusted current account surplus in Germany narrowed to €12.30 billion in August, compared to a revised current account surplus of €24.70 billion in the previous month. Market expectation was for the nation to register a current account surplus of €16.70 billion.
French business sentiment index fell surprisingly in September
In September, the business sentiment index eased unexpectedly to a level of 97.00 in France, compared to market expectations of a rise to 100.00. The business sentiment index had recorded a reading of 98.00 in the previous month.
Swiss unemployment rate remained unchanged in September
In September, the non-seasonally adjusted unemployment rate in Switzerland remained steady at a level of 3.20%, in line with market expectations.
Swiss unemployment rate climbed in September
In September, the seasonally adjusted unemployment rate in Switzerland registered a rise to 3.40%, in line with market expectations. Unemployment rate had recorded a level of 3.30% in the prior month.
Federal Reserve Policymakers expect rate hike later this year, stated FOMC minutes
The Minutes of the Fed’s recent policy meeting revealed that FOMC members decided to wait for additional information confirming that the outlook for economic activity and inflation had not deteriorated by a recent global economic slowdown. Further the US central bank indicated that there is still possibility of interest rate hike later this year as domestic economic conditions, including data on consumer spending and housing, had continued to improve, and the labor market had reached close to the FOMC’s long-run estimates for unemployment.
US continuing jobless claims recorded a rise in the last week
In the US, the seasonally adjusted continuing jobless claims rose to a level of 2204.00 K in the week ended 26 September 2015, compared to a revised reading of 2195.00 K in the prior week. Market anticipation was for continuing jobless claims to climb to 2200.00 K.
US composite leading indicator fell in August
In August, composite leading indicator eased to -0.03 in the US. Composite leading indicator had recorded a reading of -0.02 in the prior month.
US initial jobless claims dropped in the last week
The seasonally adjusted initial jobless claims fell to a level of 263.00 K in the week ended 03 October 2015, in the US, compared to market expectations of a fall to a level of 274.00 K. Initial jobless claims had registered a revised reading of 276.00 K in the prior week.
Canadian housing starts advanced surprisingly in September
In Canada, the seasonally adjusted housing starts registered an unexpected rise to 230.70 K in September, compared to market expectations of a drop to a level of 202.00 K. In the prior month, housing starts had registered a revised reading of 214.30 K.
Canadian new housing price index rose more than expected in August
The new housing price index advanced 0.30% in Canada on a monthly basis in August, compared to an advance of 0.10% in the prior month. Markets were anticipating the new housing price index to advance 0.20%.
Canadian new housing price index recorded a rise in August
In Canada, the new housing price index rose 1.30% in August on a YoY basis. In the previous month, the new housing price index had registered a similar rise.
Japanese Eco Watchers Survey for future outlook climbed in September
Eco Watchers Survey for the future outlook climbed to 49.10 in Japan, in September, compared to a level of 48.20 in the prior month. Markets were expecting the outlook to advance to 48.30.
Japanese Eco Watchers Survey for current situation dropped in September
Eco Watchers Survey for the current situation registered a drop to 47.50 in September, in Japan, compared to a reading of 49.30 in the prior month. Market expectation was for Eco Watchers Survey for the current situation to drop to 49.00.
Japanese corporate bankruptcies fell in September
In September, on a YoY basis, corporate bankruptcies slid 18.62% in Japan. Corporate bankruptcies had fallen 13.06% in the previous month.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
