Hot Features
Premium
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail price index ex-mort int. payments rose more than expected in February
The retail price index ex-mort int. payments in the UK recorded a rise of 3.50% on an annual basis in February, higher than market expectations for a rise of 3.10%. The retail price index ex-mort int. payments had registered a rise of 2.90% in the previous month.
UK CBI trends selling prices surprisingly dropped in March
CBI trends selling prices in the UK dropped unexpectedly to 29.00 in March, compared to market expectations of an unchanged reading. CBI trends selling prices had registered a level of 32.00 in the previous month.
UK retail price index climbed in February
The retail price index in the UK climbed 1.10%, on MoM basis, to a level of 268.40 in February, higher than market expectations of 267.50. The retail price index had registered a reading of 265.50 in the prior month.
UK public sector net borrowing reported a deficit in February
The public sector net borrowing in the UK has reported a deficit £1.10 billion in February, as compared to a revised surplus of £11.70 billion in the previous month. Market anticipation was for public sector net borrowing to post a deficit of £2.80 billion.
UK PPI core output advanced less than expected in February
The non-seasonally adjusted producer price index (PPI) core output in the UK advanced 2.40% on an annual basis in February, compared to a revised advance of 2.50% in the prior month. Markets were anticipating PPI core output to climb 2.50%.
UK core CPI advanced more than expected in February
In the UK, the core consumer price index (CPI) registered a rise of 2.00% on an annual basis in February, higher than market expectations for a rise of 1.70%. In the previous month, the core CPI had advanced 1.60%.
UK CPI rose more than expected in February
On an annual basis, the CPI in the UK climbed 2.30% in February, higher than market expectations for an advance of 2.10%. In the prior month, the CPI had advanced 1.80%.
UK public sector net cash requirement reported a deficit in February
In the UK, public finances (public sector net cash requirement) has reported a deficit of £12.90 billion in February, from a revised surplus of £22.70 billion in the previous month.
UK input PPI surprisingly fell in February
In February, the non-seasonally adjusted input PPI in the UK registered an unexpected drop of 0.40% on a monthly basis, compared to a revised rise of 1.60% in the previous month. Markets were expecting input PPI to climb 0.10%.
UK PPI core output remained flat in February
On a MoM basis, the non-seasonally adjusted PPI core output remained steady in February, in the UK, compared to a revised advance of 0.50% in the previous month. Markets were expecting PPI core output to rise 0.20%.
UK house price index rose less than expected in January
On a YoY basis, the house price index in the UK climbed 6.20% in January, compared to a revised advance of 5.70% in the prior month. Markets were expecting the house price index to advance 6.40%.
UK retail price index rose more than expected in February
In the UK, the retail price index climbed 3.20% on a YoY basis in February, more than market expectations for a rise of 2.90%. The retail price index had advanced 2.60% in the prior month.
UK public sector net borrowing posted a deficit in February
In the UK, the public sector net borrowing (excluding temporary effects of financial interventions) has posted a deficit £1.80 billion in February, following a revised surplus of £11.00 billion in the previous month. Markets were anticipating public sector net borrowing to post a deficit of £3.20 billion.
UK CPI advanced more than expected in February
On a MoM basis in the UK, the CPI advanced 0.70% in February, higher than market expectations for a rise of 0.50%. The CPI had fallen 0.50% in the previous month.
UK output PPI advanced as expected in February
The non-seasonally adjusted output PPI rose 3.70% on a YoY basis in the UK in February, in line with market expectations. In the prior month, output PPI had climbed by a revised 3.60%.
UK output PPI rose less than expected in February
The non-seasonally adjusted output PPI recorded a rise of 0.20% in the UK, on a monthly basis in February, lower than market expectations for an advance of 0.30%. In the prior month, output PPI had recorded a revised rise of 0.60%.
UK balance of firms reporting total order book above normal remained steady in March
That the balance of firms reporting total order book above normal remained flat at 8.00 in the UK, in March, compared to market expectations of a drop to a level of 5.00.
UK input PPI rose less than expected in February
In February, the non-seasonally adjusted input PPI rose 19.10% in the UK on a YoY basis, lower than market expectations for a rise of 20.10%. In the previous month, input PPI had advanced by a revised 20.10%.
Spanish trade deficit expanded in January
In January, trade deficit in Spain expanded to €3.13 billion, from a trade deficit of €2.45 billion in the previous month.
Swiss M3 money supply rose in February
On a YoY basis, M3 money supply in Switzerland registered a rise of 3.10% in February. In the previous month, M3 money supply had risen 2.90%.
Swiss exports slid in February
In Switzerland, exports dropped 2.20% in February on a MoM basis. Exports had dropped by a revised 3.60% in the previous month.
Swiss trade surplus dropped in February
Trade surplus in Switzerland fell to CHF 3.11 billion in February. Switzerland had registered a revised trade surplus of CHF 4.83 billion in the prior month.
Swiss imports rose in February
On a MoM basis, imports rose 2.90% in Switzerland, in February. Imports had dropped by a revised 3.90% in the previous month.
US Redbook index rose in the last week
The Redbook index recorded a rise of 1.20% on a YoY basis in the US, in the week ended 17 March 2017. The Redbook index had registered a rise of 1.30% in the prior week.
US current account deficit dropped in 4Q 2016
Current account deficit in the US narrowed to $112.40 billion in 4Q 2016, from a revised current account deficit of $116.00 billion in the prior quarter. Market expectation was for the country’s current account deficit to widen to $129.00 billion.
US Redbook index fell in the last week
On a monthly basis, the seasonally adjusted Redbook index slid 0.60% in the US, in the week ended 17 March 2017. In the previous week, the Redbook index had registered a similar fall.
Canadian retail sales rose more than expected in January
On a monthly basis, retail sales climbed 2.20% in January, in Canada, higher than market expectations for a rise of 1.50%. Retail sales had registered a revised drop of 0.40% in the prior month.
Canadian retail sales (ex-autos) advanced more than expected in January
In January, on a MoM basis, retail sales (ex-autos) in Canada registered a rise of 1.70%, more than market expectations for an advance of 1.30%. In the prior month, retail sales (ex-autos) had registered a revised drop of 0.50%.
BoJ January meeting minutes: Officials highlighted financial market risk
Minutes of the Bank of Japan’s (BoJ) January monetary policy meeting showed that board members rejected the notion of the central bank raising its 10-year government bond yield target in the future to match expected gains in treasury yields. Members held the view that Japan’s inflation and growth will accelerate in the near future, but it remains a difficult task due to concerns about greater uncertainty in global financial markets.
Japan recorded merchandise (total) trade surplus in February
Japan has reported merchandise (total) trade surplus of ¥813.40 billion in February, from a revised merchandise (total) trade deficit of ¥1087.60 billion in the previous month. Market anticipation was for a merchandise (total) trade surplus of ¥807.20 billion.
Japanese adjusted merchandise trade surplus expanded in February
Adjusted merchandise trade surplus in Japan rose to ¥680.30 billion in February, following a revised adjusted merchandise trade surplus of ¥204.00 billion in the previous month. Markets were anticipating the nation to post a adjusted merchandise trade surplus of ¥550.80 billion.
Japanese exports advanced more than expected in February
Exports in Japan climbed 11.30% in February on a YoY basis, higher than market expectations for an advance of 10.10%. Exports had registered a rise of 1.30% in the prior month.
Japanese imports advanced less than expected in February
In February, imports advanced 1.20% on a YoY basis in Japan, lower than market expectations for a rise of 1.30%. Imports had recorded a rise of 8.50% in the prior month.
Japanese convenience store sales dropped in February
Convenience store sales in Japan fell 1.70% on an annual basis, in February. Convenience store sales had risen 0.10% in the prior month.
Chinese leading economic index rose in February
In February, on a monthly basis, the leading economic index in China registered a rise of 1.20%. In the prior month, the leading economic index had advanced 1.10%.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
