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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house price balance steadied in April
House price balance remained unchanged at a level of 22.00 % in April, in the UK.
ECB’s Draghi defended stimulus even as Euro-zone economy improved
The European Central Bank (ECB) President, Mario Draghi indicated that although the Euro-zone’s economic recovery is strengthening, it is too early to declare victory and start withdrawing stimulus measures.
French current account deficit declined in March
France has posted current account deficit of €3.00 billion in March, from a revised current account deficit of €3.50 billion in the previous month.
French trade deficit fell in March
Trade deficit in France narrowed to €5.35 billion in March, compared to market expectations of a trade deficit of €6.00 billion. France had registered a revised trade deficit of €6.43 billion in the previous month.
French manufacturing production advanced more than expected in March
In March, manufacturing production advanced 2.50% in France on a MoM basis, more than market expectations for a rise of 0.90%. Manufacturing production had recorded a revised drop of 0.70% in the prior month.
French industrial production rose more than expected in March
On a monthly basis, industrial production recorded a rise of 2.00% in March, in France, compared to a revised drop of 1.70% in the previous month. Market anticipation was for industrial production to advance 1.00%.
Italian industrial production rose in March
In Italy, the non-seasonally adjusted industrial production recorded a rise of 7.60% in March on a YoY basis. In the previous month, industrial production had fallen by a revised 1.90%.
Italian industrial production advanced more than expected in March
On a MoM basis, the seasonally adjusted industrial production recorded a rise of 0.40% in Italy, in March, higher than market expectations for an advance of 0.30%. Industrial production had climbed 1.00% in the prior month.
Italian industrial production rose more than expected in March
On a YoY basis, the working day adjusted industrial production in Italy recorded a rise of 2.80% in March, more than market expectations for a rise of 2.50%. In the previous month, industrial production had risen by a revised 2.00%.
US import price index rose more than expected in April
In April, the import price index climbed 4.10% on a YoY basis in the US, higher than market expectations for a rise of 3.60%. The import price index had recorded a revised rise of 4.30% in the previous month.
US import price index advanced more than expected in April
In April, the import price index advanced 0.50% on a monthly basis in the US, more than market expectations for an advance of 0.10%. The import price index had registered a revised rise of 0.10% in the prior month.
US export price index rose in April
The export price index climbed 3.00% on an annual basis in the US, in April. In the previous month, the export price index had registered a revised rise of 3.40%.
US export price index rose as expected in April
In April, the export price index registered a rise of 0.20% in the US on a MoM basis, compared to a revised advance of 0.10% in the prior month. Markets were anticipating the export price index to rise 0.20%.
US mortgage applications advanced in the last week
Mortgage applications in the US advanced 2.40% in the week ended 05 May 2017 on a weekly basis. In the prior week, mortgage applications had registered a drop of 0.10%.
US recorded budget surplus in April
Budget surplus in the US recorded a level of $182.43 billion in April, compared to a budget deficit of $176.23 billion in the prior month. Markets were anticipating the country’s budget surplus to widen to $179.00 billion.
Foreign investors remained net buyers of Japanese stocks in the previous week
Foreign investors remained net buyers of ¥241.50 billion worth of Japanese stocks in the week ended 05 May 2017, from being net buyers of ¥258.40 billion worth of Japanese stocks in the prior week.
Japanese (BOP basis) trade surplus narrowed in March
Trade surplus (BOP basis) dropped to ¥865.50 billion in Japan in March, following a (BOP basis) trade surplus of ¥1076.80 billion in the previous month.
Japanese average office vacancies in Tokyo rose in April
On a MoM basis, average office vacancies in Tokyo advanced 3.39% in Japan, in April. Average office vacancies in Tokyo had recorded a rise of 3.60% in the previous month.
Japanese leading economic index climbed in March
The flash leading economic index in Japan climbed to 105.50 in March, in line with market expectations. In the prior month, the leading economic index had recorded a level of 104.80.
Japanese current account surplus rose in March
Japan has registered the non-seasonally adjusted current account surplus of ¥2907.70 billion in March, compared to a current account surplus of ¥2813.60 billion in the prior month.
Foreign investors became net sellers of Japanese bonds in the previous week
Foreign investors remained net sellers of ¥39.70 billion worth of Japanese bonds in the week ended 05 May 2017, as compared to being net sellers of ¥692.90 billion worth of Japanese bonds in the previous week.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors remained net buyers of ¥108.30 billion worth of foreign stocks in the week ended 05 May 2017, as compared to being net buyers of ¥136.20 billion worth of foreign stocks in the previous week.
Japanese investors turned net buyers of foreign bonds in the previous week
Japanese investors turned net buyers of ¥426.10 billion worth of foreign bonds in the week ended 05 May 2017, as compared to being net sellers of ¥1283.80 billion worth of foreign bonds in the prior week.
Japanese bank lending including trusts rose in April
Bank lending including trusts recorded a rise of 3.00% on an annual basis in Japan, in April. Bank lending including trusts had registered a similar rise in the previous month.
Japanese bank lending ex-trust rose in April
On an annual basis, bank lending ex-trust recorded a rise of 3.00% in Japan, in April. Bank lending ex-trust had registered a similar rise in the previous month.
Japanese coincident index dropped in March
Compared to a level of 115.30 in the prior month the flash coincident index recorded a drop to 114.60 in Japan, in March. Market expectation was for the coincident index to drop to 114.70.
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