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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house price balance unexpectedly climbed in December
House price balance advanced unexpectedly to 8.00 % in December, in the UK, higher than market expectations of a drop to 1.00 %. House price balance had registered a level of 0.00 % in the previous month.
Euro-zone new car registrations in EU 28 countries dropped in December
In December, on an annual basis, new car registrations in the EU 28 countries slid 4.90% in the Euro-zone. In the prior month, new car registrations in the EU 28 countries had advanced 5.90%.
Euro-zone CPI rose as expected in December
The consumer price index (CPI) recorded a rise of 0.40% on a MoM basis in the Euro-zone, in December, compared to an advance of 0.10% in the previous month. Market anticipation was for the CPI to advance 0.40%.
Euro-zone core CPI advanced as expected in December
On an annual basis, the final core CPI registered a rise of 0.90% in the Euro-zone, in December, compared to a similar rise in the previous month. Markets were anticipating the core CPI to advance 0.90%. The preliminary figures had also recorded a rise of 0.90%.
Euro-zone CPI rose as expected in December
In December, the final CPI registered a rise of 1.40% in the Euro-zone on a YoY basis, compared to an advance of 1.50% in the prior month. The preliminary figures had also indicated an advance of 1.40%. Markets were expecting the CPI to advance 1.40%.
Euro-zone construction output climbed in November
The seasonally adjusted construction output advanced 0.50% on a MoM basis in the Euro-zone, in November. Construction output had dropped by a revised 0.30% in the prior month.
Fed’s Beige Book: US economy, inflation growing at modest-to-moderate pace
According to the Federal Reserve’s (Fed) Beige Book report, the US economy and inflation expanded at a modest-to-moderate pace from late November through the end of 2017, while most districts reported modest increase in wages and tighter labour market conditions. Further, it revealed that the outlook for 2018 remains optimistic for a majority of contacts across the country.
US total net TIC flows dropped in November
Total net TIC flows recorded a drop to $33.80 billion in November, in the US. Total net TIC flows had recorded a revised reading of $152.90 billion in the prior month.
US net treasury international capital (TIC) long term purchases advanced in November
In November, net treasury international capital (TIC) long term purchases in the US recorded a rise to $57.50 billion. In the prior month, net treasury international capital (TIC) long term purchases had recorded a revised reading of $26.20 billion.
US housing market index dropped in January
In the US, the housing market index eased to 72.00 in January, in line with market expectations. In the prior month, the housing market index had registered a level of 74.00.
US mortgage applications rose in the last week
Mortgage applications advanced 4.10% in the US on a weekly basis, in the week ended 12 January 2018. Mortgage applications had recorded a rise of 8.30% in the prior week.
US manufacturing production rose less than expected in December
Manufacturing production recorded a rise of 0.10% on a MoM basis in December, in the US, lower than market expectations for a rise of 0.30%. In the prior month, manufacturing production had climbed by a revised 0.30%.
US industrial production advanced more than expected in December
In December, industrial production rose 0.90% in the US on a MoM basis, more than market expectations for a rise of 0.50%. In the prior month, industrial production had fallen by a revised 0.10%.
US capacity utilisation rose in December
In December, capacity utilisation advanced to 77.90% in the US, higher than market expectations of a rise to 77.40%. In the prior month, capacity utilisation had recorded a revised level of 77.20%.
BoC lifted its benchmark interest rate, warned on NAFTA risk
The Bank of Canada (BoC), at its January monetary policy meeting, raised the key interest rate by a quarter percentage point to 1.25%, as widely expected, citing a recovery in inflation and a sustained growth in the economic activity. In a statement post-meeting, the central bank stated that while higher interest rates would be justified over time, some continued monetary policy accommodation will likely be needed to support growth and inflation. The BoC also highlighted that the economic outlook remains marred by uncertainty about the future of North American Free Trade Agreement (NAFTA).
Japanese investors became net buyers of foreign bonds in the previous week
Japanese investors were net buyers of ¥953.50 billion worth of foreign bonds in the week ended 12 January 2018, as compared to being net buyers of a revised ¥186.60 billion worth of foreign bonds in the prior week.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥89.20 billion worth of foreign stocks in the week ended 12 January 2018, as compared to being net buyers of a revised ¥217.00 billion worth of foreign stocks in the prior week.
Foreign investors became net buyers of Japanese stocks in the previous week
Foreign investors remained net buyers of ¥498.70 billion worth of Japanese stocks in the week ended 12 January 2018, as compared to being net buyers of a revised ¥598.70 billion worth of Japanese stocks in the previous week.
Foreign investors turned net buyers of Japanese bonds in the previous week
Foreign investors turned net buyers of ¥86.80 billion worth of Japanese bonds in the week ended 12 January 2018, from being net sellers of a revised ¥127.30 billion worth of Japanese bonds in the prior week.
Chinese house price index advanced in December
The house price index climbed 5.30% on an annual basis, in December, in China. In the previous month, the house price index had climbed 5.10%.
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