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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices advanced more than expected in August
In August, the non-seasonally adjusted house prices registered a rise of 5.60% in the UK on a YoY basis, higher than market expectations for a rise of 4.80%. In the prior month, house prices had registered a rise of 5.20%.
UK house prices registered an unexpected rise in August
On a MoM basis in August, the seasonally adjusted house prices recorded an unexpected rise of 0.60% in the UK, compared to a rise of 0.50% in the previous month. Market expectation was for house prices to fall 0.20%.
Euro-zone core consumer price index rose less than expected in August
In August, on a YoY basis, the flash core consumer price index climbed 0.80% in the Euro-zone, lower than market expectations for an advance of 0.90%. In the prior month, the core consumer price index had recorded a rise of 0.90%.
Euro-zone unemployment rate remained steady in July
The unemployment rate remained flat at 10.10% in the Euro-zone, in July. Markets were expecting the unemployment rate to ease to 10.00%.
Euro-zone consumer price index rose less than expected in August
In August, the preliminary consumer price index climbed 0.20% in the Euro-zone, on a YoY basis, less than market expectations for an advance of 0.30%. The consumer price index had registered a similar rise in the prior month.
German unemployment rate remained steady in August
The seasonally adjusted unemployment rate remained steady at a level of 6.10% in August, in Germany. Markets were expecting unemployment rate to record a flat reading.
German retail sales rose more than expected in July
On a MoM basis, retail sales in Germany recorded a rise of 1.70% in July, higher than market expectations for a rise of 0.50%. Retail sales had registered a revised drop of 0.60% in the previous month.
German retail sales recorded an unexpected drop in July
In July, retail sales unexpectedly eased 1.50% on a YoY basis in Germany, lower than market expectations for a rise of 0.30%. Retail sales had climbed by a revised 2.30% in the previous month.
German number of people unemployed declined more than expected in August
In August, the number of people unemployed recorded a drop of 7.00 K in Germany, compared to a similar fall in the prior month. Markets were expecting the number of people unemployed to fall 4.00 K.
French consumer spending registered an unexpected drop in July
In July, on a monthly basis, consumer spending in France recorded an unexpected drop of 0.20%, less than market expectations for a rise of 0.30%. Consumer spending had recorded a drop of 0.80% in the previous month.
French producer price index remained steady in July
On a MoM basis, the producer price index remained steady in July, in France. The producer price index had recorded a rise of 0.40% in the previous month.
French EU normalised consumer price index(CPI) advanced as expected in August
In August, on a monthly basis, the preliminary EU normalised CPI in France climbed 0.40%, at par with market expectations. In the previous month, EU normalised CPI had recorded a drop of 0.40%.
French CPI (ex-tobacco) advanced less than expected in August
On a MoM basis, in August, the flash CPI (ex-tobacco) advanced 0.30% in France, less than market expectations for a rise of 0.40%. In the prior month, the CPI (ex-tobacco) had registered a drop of 0.40%.
Italian wage inflation registered a drop in July
The wage inflation in Italy recorded a drop to 0.00% in July, compared to a reading of 0.20% in the previous month.
Italian EU normalised CPI remained unchanged in August
In Italy, the preliminary EU normalised CPI remained unchanged in August on a MoM basis, compared to a fall of 1.90% in the previous month. Markets were anticipating the EU normalised CPI to ease 0.10%.
Italian annual wage inflation recorded a drop in July
The annual wage inflation registered a drop to 0.60% in Italy, in July, compared to a reading of 0.70% in the prior month.
Italian CPI advanced less than expected in August
The preliminary CPI climbed 0.20% in Italy on a MoM basis in August, lower than market expectations for a rise of 0.30%. In the prior month, the CPI had registered a similar rise.
Italian unemployment rate fell surprisingly in July
Unemployment rate dropped unexpectedly to a level of 11.40% in July, in Italy, lower than market expectations of an unchanged reading. In the prior month, unemployment rate had registered a reading of 11.60%.
Spanish current account surplus fell in June
Current account surplus in Spain narrowed to €2.00 billion in June. Spain had reported a current account surplus of €2.80 billion in the prior month.
Swiss UBS consumption indicator recorded a rise in July
In July, UBS consumption indicator in Switzerland climbed to 1.32. In the prior month, UBS consumption indicator had registered a revised reading of 1.21.
Boston Fed President says interest rate should rise
The central bank is close to achieving its dual goal of full employment and stable prices and warned that continuing to keep interest rate low for too long could be damaging to the US economy.
US mortgage applications rose in the last week
In the US, mortgage applications registered a rise of 2.80% on a weekly basis, in the week ended 26 August 2016. In the previous week, mortgage applications had dropped 2.10%.
US pending home sales surprisingly slid in July
Pending home sales unexpectedly dropped 2.20% on an annual basis in July, in the US, compared to a revised advance of 0.70% in the prior month. Markets were anticipating pending home sales to climb 2.20%.
US pending home sales rose more than expected in July
Pending home sales in the US climbed 1.30% in July on a monthly basis, compared to a revised fall of 0.80% in the previous month. Market anticipation was for pending home sales to rise 0.70%.
Private sector employment in the US registered a rise in August
In the US, the private sector employment rose by 177.00 K in August, more than market anticipations of an advance of 175.00 K. The private sector employment had registered a revised gain of 194.00 K in the prior month.
US Chicago Fed purchasing managers index fell in August
Compared to a level of 55.80 in the prior month the Chicago Fed purchasing managers index fell to a level of 51.50 in the US, in August. Markets were expecting the Chicago Fed purchasing managers index to fall to 54.00.
Canadian annualised gross domestic product (GDP) dropped more than expected in 2Q 2016
In 2Q 2016, on a QoQ basis, annualised GDP registered a drop of 1.60% in Canada, compared to a revised advance of 2.50% in the prior quarter. Market expectation was for annualised GDP to drop 1.50%.
Canadian GDP advanced more than expected in June
On a YoY basis, the GDP in Canada registered a rise of 1.10% in June, higher than market expectations for an advance of 1.00%. The GDP had climbed 1.00% in the previous month.
Canadian GDP rose more than expected in June
The GDP advanced 0.60% on a MoM basis in June, in Canada, more than market expectations for a rise of 0.40%. In the prior month, the GDP had dropped 0.60%.
Japanese manufacturing PMI registered a rise in August
In Japan, the final manufacturing PMI climbed to 49.50 in August, compared to a level of 49.30 in the prior month. The preliminary figures had recorded a rise to 49.60.
Japanese construction orders eased in July
In July, on an annual basis, construction orders in Japan recorded a drop of 10.90%. In the prior month, construction orders had dropped 2.40%.
Japanese investors remained net buyers of foreign bonds in the previous week
Japanese investors were net buyers of ¥105.70 billion worth of foreign bonds in the week ended 26 August 2016, as compared to being net buyers of a revised ¥433.00 billion worth of foreign bonds in the previous week.
Japanese capital spending rose less than expected in 2Q 2016
In 2Q 2016, capital spending registered a rise of 3.10% in Japan, on an annual basis, lower than market expectations for a rise of 5.50%. Capital spending had risen 4.20% in the prior quarter.
Japanese housing starts advanced more than expected in July
In July, housing starts climbed 8.90% on a YoY basis in Japan, higher than market expectations for an advance of 7.30%. Housing starts had dropped 2.50% in the previous month.
Foreign investors became net buyers of Japanese bonds in the previous week
Foreign investors remained net buyers of ¥268.70 billion worth of Japanese bonds in the week ended 26 August 2016, as compared to being net buyers of a revised ¥291.90 billion worth of Japanese bonds in the previous week.
Japanese small business confidence index slid in August
The small business confidence index recorded a drop to 46.30 in Japan, in August. The small business confidence index had registered a level of 47.80 in the prior month.
Foreign investors remained net sellers of Japanese stocks in the previous week
Foreign investors remained net sellers of ¥6.80 billion worth of Japanese stocks in the week ended 26 August 2016, from being net sellers of a revised ¥229.30 billion worth of Japanese stocks in the previous week.
Japanese capital spending excluding software advanced less than expected in 2Q 2016
In 2Q 2016, capital spending excluding software rose 3.10% in Japan, on a YoY basis, less than market expectations for a rise of 5.50%. Capital spending excluding software had climbed 4.30% in the previous quarter.
Japanese annualised housing starts remained flat in July
In July, the annualised housing starts in Japan remained unchanged at a level of 1.00 million units, higher than market expectations of a drop to 0.99 million units.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥333.50 billion worth of foreign stocks in the week ended 26 August 2016, from being net buyers of ¥142.70 billion worth of foreign stocks in the prior week.
Chinese Caixin/Markit manufacturing PMI index eased in August
In China, Caixin/Markit manufacturing PMI index dropped to 50.00 in August, compared to market expectations of a drop to 50.10. In the prior month, Caixin/Markit manufacturing PMI index had recorded a level of 50.60.
Chinese NBS manufacturing PMI registered an unexpected rise in August
In China, the NBS manufacturing PMI advanced unexpectedly to 50.40 in August, compared to a level of 49.90 in the previous month. Market anticipation was for the NBS manufacturing PMI to ease to 49.80.
Chinese NBS non-manufacturing PMI declined in August
The NBS non-manufacturing PMI registered a drop to 53.50 in August, in China. The NBS non-manufacturing PMI had registered a reading of 53.90 in the previous month.
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