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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK average earnings excluding bonus rose as expected in the April-June 2016 period
In the April-June 2016 period, the average earnings excluding bonus registered a rise of 2.30% on a YoY basis in the UK, compared to an advance of 2.20% in the March-May 2016 period. Markets were anticipating the average earnings excluding bonus to climb 2.30%.
UK average earnings including bonus rose as expected in the April-June 2016 period
In the April-June 2016 period, the average earnings including bonus rose 2.40% on a YoY basis in the UK, meeting market expectations. In the March-May 2016 period, the average earnings including bonus had registered a rise of 2.30%.
UK claimant count rate steadied in July
In July, the claimant count rate in the UK remained steady at a level of 2.20%. Markets were anticipating the claimant count rate to remain unchanged.
Number of unemployment benefits claimants in the UK eased surprisingly in July
In the UK, number of unemployment benefits claimants eased unexpectedly by 8.60 K in July, less than market expectations of an advance of 9.00 K. Number of unemployment benefits claimants had recorded a revised gain of 0.90 K in the prior month.
Employment in the UK climbed in the April-June 2016 period
The employment registered a rise of 172.00 K in the UK, in the April-June 2016 period, compared to market anticipations of an advance of 150.00 K. Employment had recorded a gain of 176.00 K in the March-May 2016 period.
UK ILO unemployment rate steadied in the April-June 2016 period
In the April-June 2016 period, the ILO unemployment rate remained unchanged at a level of 4.90% in the UK. Market anticipation was for the ILO unemployment rate to remain unchanged.
Swiss economic expectations index declined in August
The economic expectations index in Switzerland fell to a level of -2.80 in August. The economic expectations index had recorded a level of 5.90 in the prior month.
FOMC minutes: Members split over need for future interest rate hike
The Federal Open Market Committee’s (FOMC) July meeting minutes showed that policymakers were split over the correct time to increase the benchmark interest rate. While some members favoured an early hike in interest rate, others wanted to wait for the flow of data to determine whether inflation was likely to pick up before raising rates.
US mortgage applications slid in the last week
In the US, mortgage applications eased 4.00% in the week ended 12 August 2016 on a weekly basis. Mortgage applications had climbed 7.10% in the previous week.
Japanese investors remained net buyers of foreign bonds in the previous week
Japanese investors remained net buyers of ¥1297.50 billion worth of foreign bonds in the week ended 12 August 2016, from being net buyers of a revised ¥897.20 billion worth of foreign bonds in the previous week.
Japanese exports fell more than expected in July
The exports in Japan slid 14.00% in July on a YoY basis, higher than market expectations for a drop of 13.70%. In the previous month, exports had registered a drop of 7.40%.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors remained net buyers of ¥141.40 billion worth of foreign stocks in the week ended 12 August 2016, from being net buyers of ¥243.70 billion worth of foreign stocks in the prior week.
Foreign investors turned net buyers of Japanese bonds in the previous week
Foreign investors turned net buyers of ¥474.80 billion worth of Japanese bonds in the week ended 12 August 2016, from being net sellers of ¥266.30 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 ¥94.70 billion worth of Japanese stocks in the week ended 12 August 2016, as compared to being net sellers of a revised ¥492.80 billion worth of Japanese stocks in the previous week.
Japanese merchandise (total) trade surplus declined in July
Japan has reported merchandise (total) trade surplus of ¥513.50 billion in July, from a revised merchandise (total) trade surplus of ¥693.10 billion in the previous month. Market anticipation was for the nation to post a merchandise (total) trade surplus of ¥273.20 billion.
Japanese imports fell more than expected in July
In July, on a YoY basis, imports in Japan eased 24.70%, compared to a fall of 18.80% in the previous month. Markets were anticipating imports to drop 20.00%.
Japanese adjusted merchandise trade surplus narrowed in July
The adjusted merchandise trade surplus in Japan dropped to ¥317.60 billion in July, more than market expectations of a adjusted merchandise trade surplus of ¥167.70 billion. Japan had registered a revised adjusted merchandise trade surplus of ¥336.60 billion in the prior month.
Chinese house price index climbed in July
The house price index in China rose 7.90% in July on a YoY basis. The house price index had risen 7.30% in the prior month.
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