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.
German trade surplus widened in March
Germany has registered the seasonally adjusted trade surplus of €25.40 billion in March, compared to a revised trade surplus of €20.00 billion in the previous month. Market expectation was for the nation to register a trade surplus of €21.50 billion.
German current account surplus rose in March
The non-seasonally adjusted current account surplus in Germany rose to €30.20 billion in March, compared to a revised current account surplus of €20.70 billion in the previous month. Markets were anticipating the nation’s current account surplus to rise to €26.50 billion.
German industrial production declined less than expected in March
In March, on a monthly basis, the seasonally adjusted industrial production dropped 0.40% in Germany, compared to a revised advance of 1.80% in the prior month. Market anticipation was for industrial production to ease 0.70%.
German industrial production rose less than expected in March
In March, on a YoY basis, the non-seasonally & working day adjusted industrial production in Germany recorded a rise of 1.90%, lower than market expectations for a rise of 2.50%. In the prior month, industrial production had risen by a revised 2.00%.
German exports rose more than expected in March
On a monthly basis, in March, the seasonally adjusted exports recorded a rise of 0.40% in Germany, compared to a revised rise of 0.90% in the previous month. Market expectation was for exports to climb 0.20%.
German imports advanced more than expected in March
On a MoM basis, the seasonally adjusted imports in Germany climbed 2.40% in March, compared to a drop of 1.60% in the prior month. Market anticipation was for imports to climb 1.60%.
French business sentiment index unexpectedly rose in April
The business sentiment index recorded an unexpected rise to a level of 104.00 in France, in April, compared to market expectations of a steady reading. The business sentiment index had recorded a level of 103.00 in the prior month.
French budget deficit expanded in March
Budget deficit in France rose to €29.60 billion in March. France had posted a budget deficit of €21.50 billion in the previous month.
Italian retail sales remained flat in March
In Italy, the seasonally adjusted retail sales remained unchanged on a MoM basis in March, lower than market expectations for an advance of 0.20%. Retail sales had dropped by a revised 0.20% in the previous month.
Italian retail sales surprisingly fell in March
The non-seasonally adjusted retail sales in Italy registered an unexpected drop of 0.40% on a YoY basis in March, less than market expectations for an advance of 0.70%. In the prior month, retail sales had registered a revised drop of 0.70%.
Swiss unemployment rate fell in April
The non-seasonally adjusted unemployment rate eased to 3.30% in Switzerland, in April, meeting market expectations. In the prior month, unemployment rate had recorded a reading of 3.40%.
Swiss unemployment rate remained steady in April
The seasonally adjusted unemployment rate remained unchanged at a level of 3.30% in April, in Switzerland. Market anticipation was for unemployment rate to drop to 3.20%.
US economic optimism index dropped in May
In May, the economic optimism index in the US registered a drop to 51.30. The economic optimism index had registered a level of 51.70 in the previous month.
US small business optimism index dropped in April
The small business optimism index dropped to 104.50 in April, in the US, compared to a level of 104.70 in the prior month. Market expectation was for the small business optimism index to drop to a level of 104.00.
US wholesale inventories surprisingly advanced in March
On a monthly basis, the seasonally adjusted final wholesale inventories unexpectedly climbed 0.20% in the US, in March, more than market expectations for a fall of 0.10%. The preliminary figures had recorded a drop of 0.10%. In the prior month, the wholesale inventories had registered a rise of 0.40%.
US Redbook index rose in the last week
On a YoY basis, the Redbook index rose 1.30% in the US, in the week ended 05 May 2017. In the prior week, the Redbook index had risen 2.30%.
US JOLTs job openings rose in March
In March, JOLTs job openings climbed to 5743.00 K in the US, compared to a revised reading of 5682.00 K in the prior month. Market expectation was for JOLTs job openings to climb to 5725.00 K.
US Redbook index dropped in the last week
In the week ended 05 May 2017, on a MoM basis, the seasonally adjusted Redbook index eased 1.60% in the US. In the previous week, the Redbook index had risen 1.30%.
Canadian building permits unexpectedly declined in March
On a monthly basis, in March, building permits unexpectedly eased 5.80% in Canada, compared to a revised fall of 2.80% in the prior month. Market anticipation was for building permits to climb 2.80%.
BoJ April meeting summary: Overseas risks warrant current policy
A summary of opinions from the Bank of Japan’s (BoJ) April meeting minutes showed that board members agreed on maintaining the central bank’s current accommodative policy due to downside risks from overseas. Further, they decided that as Japan’s exports and production were showing positive signs, it was appropriate to raise the nation’s economic assessment.
Japanese foreign exchange reserves climbed in April
Foreign exchange reserves advanced to $1242.30 billion in Japan, in April. In the previous month, foreign exchange reserves had registered a reading of $1230.33 billion.
Chinese PPI rose less than expected in April
On a YoY basis, the producer price index (PPI) rose 6.40% in April, in China, lower than market expectations for an advance of 6.70%. The PPI had advanced 7.60% in the prior month.
Chinese CPI rose more than expected in April
The consumer price index (CPI) registered a rise of 1.20% on a YoY basis in China in April, more than market expectations for an advance of 1.10%. In the previous month, the CPI had registered a rise of 0.90%.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
