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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone composite PMI unexpectedly rose in August
The flash composite PMI rose unexpectedly to 55.80 in the Euro-zone, in August, higher than market expectations of a drop to a level of 55.50. In the prior month, composite PMI had recorded a level of 55.70.
Euro-zone consumer confidence index unexpectedly rose in August
Compared to a reading of -1.70 in the prior month the flash consumer confidence index registered an unexpected rise to -1.50 in August, in the Euro-zone. Market expectation was for the consumer confidence index to ease to -1.80.
Euro-zone services PMI surprisingly fell in August
In the Euro-zone, the preliminary services PMI registered an unexpected drop to a level of 54.90 in August, compared to a reading of 55.40 in the previous month. Market anticipation was for services PMI to record a flat reading.
Euro-zone manufacturing PMI surprisingly rose in August
In August, the flash manufacturing PMI registered an unexpected rise to a level of 57.40 in the Euro-zone, compared to market expectations of a drop to a level of 56.30. In the previous month, the manufacturing PMI had registered a reading of 56.60.
German services PMI climbed in August
The preliminary services PMI rose to a level of 53.40 in August, in Germany, compared to a level of 53.10 in the previous month. Market anticipation was for services PMI to advance to a level of 53.30.
German manufacturing PMI surprisingly climbed in August
In August, the preliminary manufacturing PMI advanced unexpectedly to 59.40 in Germany, compared to market expectations of a drop to a level of 57.60. Manufacturing PMI had recorded a reading of 58.10 in the previous month.
French services PMI dropped in August
The flash services PMI fell to a level of 55.50 in August, in France, compared to a level of 56.00 in the prior month. Market expectation was for services PMI to drop to 55.80.
French manufacturing PMI unexpectedly climbed in August
In France, the preliminary manufacturing PMI advanced unexpectedly to 55.80 in August, higher than market expectations of a drop to a level of 54.50. Manufacturing PMI had recorded a level of 54.90 in the prior month.
US Markit composite PMI climbed in August
The preliminary Markit composite PMI registered a rise to 56.00 in the US, in August. Markit composite PMI had registered a reading of 54.60 in the previous month.
US Markit manufacturing PMI surprisingly dropped in August
The preliminary Markit manufacturing PMI registered an unexpected drop to a level of 52.50 in August, in the US, compared to market expectations of an advance to a level of 53.50. The Markit manufacturing PMI had registered a reading of 53.30 in the prior month.
US new home sales slid in July
New home sales registered a drop of 9.40%, on MoM basis, to a level of 571.00 K in July, in the US, compared to market expectations of 610.00 K. New home sales had recorded a revised level of 630.00 K in the prior month.
US Markit services PMI advanced in August
Compared to a reading of 54.70 in the previous month the flash Markit services PMI advanced to 56.90 in August, in the US. Market anticipation was for Markit services PMI to rise to 55.00.
US mortgage applications fell in the last week
In the week ended 18 August 2017, on a weekly basis, mortgage applications in the US dropped 0.50%. In the previous week, mortgage applications had registered a rise of 0.10%.
Foreign investors turned net sellers of Japanese bonds in the previous week
Foreign investors turned net sellers of ¥185.10 billion worth of Japanese bonds in the week ended 18 August 2017, as compared to being net buyers of a revised ¥214.10 billion worth of Japanese bonds in the prior week.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥320.70 billion worth of foreign stocks in the week ended 18 August 2017, as compared to being net buyers of ¥148.80 billion worth of foreign stocks in the previous week.
Foreign investors remained net sellers of Japanese stocks in the previous week
Foreign investors remained net sellers of ¥300.10 billion worth of Japanese stocks in the week ended 18 August 2017, as compared to being net sellers of ¥302.50 billion worth of Japanese stocks in the previous week.
Japanese machine tool orders rose in July
The final machine tool orders in Japan registered a rise of 28.00% on a YoY basis, in July. Machine tool orders had recorded a rise of 31.10% in the prior month. The preliminary figures had indicated a rise of 26.30%.
Japanese investors remained net sellers of foreign bonds in the previous week
Japanese investors were net sellers of ¥453.20 billion worth of foreign bonds in the week ended 18 August 2017, as compared to being net sellers of a revised ¥147.30 billion worth of foreign bonds in the prior week.
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