Hot Features
Premium
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
FOMC member Mester says economy ready for higher interest rates
The President of Cleveland Fed, Loretta Mester, stated that the US economy can sustain an increase in the central bank’s intere st rates despite the risks to outlook presented by the global environment. He acknowledged that it was appropriate for the monetary policy to step aside from the emergency measure of zero interest rates. Given the outlook, the FOMC member Mester indicated that interest rates should move up gradually.
Fed’s William Dudley repeats rate hike could come this year
New York Fed President William Dudley reiterated his view that an interest rate hike was likely by year’s end if the US labour market continued to strengthen and the economy kept growing above trend. However, he also noted developments in China and emerging market economies that have the potential to hurt the world’s largest economy.
US consumer price index remained unchanged in September
In the US, the consumer price index remained flat in September, on an annual basis, higher than market expectations for a fall of 0.10%. In the previous month, the consumer price index had risen 0.20%.
US posted budget surplus in September
The US has reported budget surplus of $91.06 billion in September, from a budget deficit of $64.42 billion in the previous month. Markets were anticipating a budget surplus of USD 95.00 billion.
US NY Empire State manufacturing index registered a rise in October
In October, the NY Empire State manufacturing index in the US advanced to -11.36, compared to market expectations of a rise to a level of -8.00. In the previous month, the NY Empire State manufacturing index had registered a level of -14.67.
US consumer price index registered a drop in September
In the US, the non-seasonally adjusted consumer price index eased to 237.95 in September, compared to market expectations of a fall to 237.79. In the prior month, the consumer price index had recorded a level of 238.32.
US consumer price index (ex-food & energy) rose more than expected in September
On a YoY basis, the consumer price index (ex-food & energy) recorded a rise of 1.90% in the US, in September, more than market expectations for a rise of 1.80%. The consumer price index (ex-food & energy) had climbed 1.80% in the prior month.
US continuing jobless claims eased in the last week
The seasonally adjusted continuing jobless claims in the US recorded a drop to 2158.00 K in the week ended 03 October 2015, compared to market expectations of a fal l to a level of 2200.00 K. Continuing jobless claims had registered a revised level of 2208.00 K in the previous week.
US Philadelphia Fed manufacturing index rose in October
Philadelphia Fed manufacturing index climbed to -4.50 in the US, in October, compared to market expectations of a rise to -2.00. Philadelphia Fed manufacturing index had registered a reading of -6.00 in the previous month.
US core consumer price index climbed in September
Compared to a level of 242.69 in the previous month the seasonally adjusted core consumer price index recorded a rise to 243.21 in the US, in September. Market anticipation was for the core consumer price index to rise to a level of 243.04.
US consumer price index fell as expected in September < /p>
On a monthly basis, in September, the consumer price index recorded a drop of 0.20% in the US, in line with market expectations. In the previous month, the consumer price index had recorded a drop of 0.10%.
US initial jobless claims dropped surprisingly in the last week
The seasonally adjusted initial jobless claims in the US registered an unexpected drop to 255.00 K in the week ended 10 October 2015, lower than market expectations of an advance to a level of 270.00 K. In the prior week, initial jobless claims had registered a revised reading of 262.00 K.
US consumer price index (ex-food & energy) advanced more than expected in September
On a MoM basis, the consumer price index (ex-food & energy) rose 0.20% in the US, in September, compared to an advance of 0.10% i n the previous month. Market expectation was for the consumer price index (ex-food & energy) to climb 0.10%.
Canadian house price index recorded a rise in September
In September, on a MoM basis, the house price index in Canada registered a rise of 0.60%. In the previous month, the house price index had risen 1.00%.
Canadian existing home sales dropped in September
Existing home sales in Canada recorded a drop of 2.10% on a MoM basis, in September. In the prior month, existing home sales had climbed 0.30%.
Japanese investors turned net buyers of foreign bonds in the previous week
Japanese investors turned net buyers of ¥1057.00 billion worth of foreign bonds in the week ended 09 October 2015, as com pared to being net sellers of a revised ¥1255.90 billion worth of foreign bonds in the prior week.
Japanese tertiary industry index recorded an unexpected rise in August
The tertiary industry index recorded an unexpected rise of 0.10% on a monthly basis in August, in Japan, more than market expectations for an unchanged reading. The tertiary industry index had registered a rise of 0.20% in the prior month.
Japanese capacity utilisation eased in August
In Japan, capacity utilisation fell 0.90% in August on a MoM basis. Capacity utilization had registered a drop of 0.20% in the prior month.
Japanese industrial production eased in August
On a MoM basis, the final industrial production recorded a drop of 1 .20% in Japan, in August. Industrial production had dropped 0.80% in the prior month. The preliminary figures had recorded a fall of 0.50%.
Japanese industrial production fell in August
On an annual basis, the final industrial production eased 0.40% in August, in Japan. Industrial production had recorded an unchanged reading in the prior month. The preliminary figures had indicated a rise of 0.20%.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥105.00 billion worth of foreign stocks in the week ended 09 October 2015, as compared to being net buyers of a revised ¥612.30 billion worth of foreign stocks in the prior week.
Foreign investors become net buyers of Japanese bonds in th e previous week
Ministry of Finance has reported that foreign investors remained net buyers of ¥1006.80 billion worth of Japanese bonds in the week ended 09 October 2015, as compared to being net buyers of ¥30.30 billion worth of Japanese bonds in the prior week.
Foreign investors turned net buyers of Japanese stocks in the previous week
Foreign investors turned net buyers of ¥521.10 billion worth of Japanese stocks in the week ended 09 October 2015, as compared to being net sellers of a revised ¥177.60 billion worth of Japanese stocks in the previous week.
Chinese M2 money supply advanced as expected in September
On a YoY basis, M2 money supply in China advanced 13.10% in September, compared to an advance of 13.30% in the previous month. Markets were expecting M2 money supply to advance 13.10%.
Chinese M1 money supply rose more than expected in September
In September, M1 money supply in China registered a rise of 11.40% on an annual basis, compared to a rise of 9.30% in the prior month. Market expectation was for M1 money supply to advance 9.80%.
Chinese aggregate financing climbed in September
In China, aggregate financing rose to a level of CNY 1300.00 billion in September, higher than market expectations of a rise to CNY 1200.00 billion. In the prior month, aggregate financing had recorded a revised reading of CNY 1082.30 billion.
Chinese new Yuan loans climbed in September
In September, new Yuan loans in China rose to a level of CNY 1050.00 billion, compared to a reading of CNY 809.60 billion in the previous month. Markets were anticipating new Yuan loans to climb to CNY 900.00 billion.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
