Hot Features
Premium
Register for real-time alerts, custom portfolio, and market movers
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
ECB: Professional forecasters trimmed inflation and GDP growth guidance for 2018 & 2019
The European Central Bank’s (ECB) Survey of Professional Forecasters for the fourth quarter of 2018 revealed that headline inflation projections for the Euro-zone for 2018, 2019 and 2020 were left unchanged at 1.7%, each, whereas the region’s gross domestic product (GDP) growth was lowered to 2.0% for 2018 and 1.8% for 2019, while GDP growth for 2020 was held at 1.6%.
German consumer confidence index remained unchanged in November
In Germany, the GfK consumer confidence index remained steady at a level of 10.60 in November, compared to market expectations of a drop to a reading of 10.50.
US annualised GDP rose more than expected in 3Q 2018
In the US, the preliminary annualised GDP climbed 3.50% on a quarterly basis, in 3Q 2018, higher than market expectations for an advance of 3.30%. The annualised GDP had risen 4.20% in the prior quarter.
US GDP price index advanced less than expected in 3Q 2018
On a quarterly basis, the US preliminary gross domestic product price index advanced 1.70% in 3Q 2018, lower than market expectations for an advance of 2.10%. The index had climbed 3.00% in the previous quarter.
US Reuters/Michigan consumer sentiment index eased in October
The US final Reuters/Michigan consumer sentiment index registered a drop to a level of 98.60 in October, compared to a reading of 100.10 in the prior month. Market expectation was for the index to drop to a level of 99.00.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
