Hot Features
Premium
Register for streaming realtime charts, analysis tools, and prices.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Key Economic News
UK services PMI climbed in November
The services PMI in the UK rose to a level of 55.90 in November, compared to market expectations of an advance to 55.00. The services PMI had recorded a level of 54.90 in the previous month.
UK official reserves recorded a drop in November
In November, official reserves in the UK slid USD 1394.00 million. In the prior month, official reserves had risen USD 16.00 million.
ECB extends QE until March 2017
The ECB President, Mario Draghi announced the central bank would extend its massive €60.00 billion ($63.50 billion) a month bond-buying scheme to at least March 2017 in an effort to achieve its desired inflation level and boost lackluster growth in the Euro zone. Earlier, the ECB had slashed its deposit rate further into negative territory by 10 basis points to a fresh low of -0.3%, down from -0.2%. It also revised lower its 2016 inflation forecast to 1% from 1.1%, while the 2017 outlook slipped to 1.6% from 1.7%. But the central bank stopped short of expanding the amount of bonds bought each month.
Eurozone services PMI advanced in November
Compared to a reading of 54.10 in the prior month the final services PMI advanced to 54.20 in the Eurozone, in November. The preliminary figures had indicated a rise to 54.60. Markets were anticipating services PMI to rise to 54.60.
ECB held its key interest rate
The ECB held its key interest rate steady at 0.05%, meeting market expectations.
Eurozone composite PMI climbed in November
The final composite PMI in the Eurozone recorded a rise to 54.20 in November, compared to a reading of 53.90 in the previous month. Market anticipation was for composite PMI to climb to 54.40. The preliminary figures had recorded an advance to 54.40.
Eurozone retail sales unexpectedly fell in October
On a monthly basis, the seasonally adjusted retail sales unexpectedly fell 0.10% in the Eurozone, in October, less than market expectations for an advance of 0.20%. Retail sales had registered a similar fall in the prior month.
German services PMI registered a rise in November
In Germany, the final services PMI recorded a rise to 55.60 in November, compared to a reading of 54.50 in the previous month. The preliminary figures had also indicated an advance to 55.60. Markets were anticipating services PMI to advance to.
French ILO unemployment rate rose surprisingly in 3Q 2015
In 3Q 2015, ILO unemployment rate climbed unexpectedly to 10.60% in France, higher than market expectations of a steady reading. ILO unemployment rate had recorded a level of 10.40% in the prior quarter.
French services PMI dropped in November
Markit Economics has reported that compared to a reading of 52.70 in the prior month the final services PMI dropped to 51.00 in November, in France. The preliminary figures had indicated a fall to 51.30. Markets were expecting services PMI to ease to a level of 51.30.
Italian services PMI steadied in November
Markit Economics has indicated that, in November, the services PMI in Italy remained flat at a level of 53.40. Markets were anticipating the services PMI to rise to 53.90.
Spanish services PMI climbed in November
Markit Economics has indicated that, in Spain, the services PMI recorded a rise to 56.70 in November, compared to market expectations of a rise to 56.40. In the previous month, the services PMI had registered a reading of 55.90.
US factory orders rose more than expected in October
On a MoM basis, factory orders registered a rise of 1.50% in the US, in October, higher than market expectations for an advance of 1.40%. Factory orders had recorded a revised drop of 0.80% in the prior month.
US non-defense capital goods orders (ex aircraft) recorded a rise in October
On a MoM basis, the final non-defense capital goods orders (ex aircraft) climbed 1.30% in the US, in October. The non-defense capital goods orders (ex aircraft) had climbed by a revised 0.40% in the prior month. The preliminary figures had also recorded a rise of 1.30%.
US Markit composite PMI advanced in November
The final Markit composite PMI in the US climbed to 55.90 in November. Markit composite PMI had registered a level of 55.00 in the prior month. The preliminary figures had recorded a rise to 56.10.
US continuing jobless claims climbed in the last week
The US Department of Labor has reported that compared to a revised level of 2155.00 K in the previous week the seasonally adjusted continuing jobless claims climbed to 2161.00 K in the week ended 21 November 2015, in the US. Markets were expecting continuing jobless claims to advance to 2190.00 K.
US number of planned layoffs by US companies fell in November
On a YoY basis, the number of planned layoffs by US companies in the US recorded a drop of 13.90% in November. The number of planned layoffs by US companies had recorded a drop of 1.30% in the prior month.
US non-manufacturing PMI slid in November
The non-manufacturing PMI registered a drop to 55.90 in the US, in November, compared to market expectations of a drop to a level of 58.00. In the prior month, the non-manufacturing PMI had registered a reading of 59.10.
US durable goods orders (ex transportation) climbed in October
The final durable goods orders (ex transportation) in the US recorded a rise of 0.50% on a MoM basis, in October. In the previous month, durable goods orders (ex transportation) had recorded a revised drop of 0.10%. The preliminary figures had also indicated a rise of 0.50%.
US Markit services PMI recorded a rise in November
In November, the final Markit services PMI in the US rose to a level of 56.10, compared to market expectations of a rise to 56.50. The preliminary figures had recorded a rise to 56.50. In the prior month, Markit services PMI had recorded a level of 54.80.
US initial jobless claims climbed in the last week
Compared to a reading of 260.00 K in the previous week the seasonally adjusted initial jobless claims rose to a level of 269.00 K in the week ended 28 November 2015, in the US. Market expectation was for initial jobless claims to advance to 269.00 K.
US durable goods orders registered a rise in October
On a monthly basis, the final durable goods orders advanced 2.90% in the US, in October. Durable goods orders had registered a revised drop of 0.80% in the prior month. The preliminary figures had indicated a rise of 3.00%.
US non-defense capital goods shipments (ex aircraft) fell in October
In October, on a monthly basis, the final non-defense capital goods shipments (ex aircraft) in the US dropped 0.50%. In the previous month, the non-defense capital goods shipments (ex aircraft) had climbed by a revised 0.70%. The preliminary figures had recorded a fall of 0.40%.
Japanese labour cash earnings rose more than expected in October
In Japan, labour cash earnings rose 0.70% on a YoY basis in October, more than market expectations for an advance of 0.50%. In the previous month, labour cash earnings had advanced by a revised 0.40%.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
