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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI distributive trade survey’s retail sales balance rose in September
The CBI distributive trade survey’s retail sales balance rose to a level of 42.00% in September, in the UK, compared to market expectations of a rise to a level of 8.00%. In the previous month, the CBI distributive trade survey’s retail sales balance had registered a reading of 10.00%.
Euro-zone private sector loans rose less than expected in August
Private sector loans climbed 2.50% on an annual basis in August, in the Euro-zone, compared with an advance of 2.40% in the prior month. Markets were expecting private sector loans to climb 2.70%.
French consumer confidence surprisingly fell in September
In September, consumer confidence in France recorded an unexpected drop to a level of 101.00, compared to market expectations of an unchanged reading. Consumer confidence had registered a level of 103.00 in the prior month.
Italian business confidence index surprisingly advanced in September
In September, the business confidence index in Italy registered an unexpected rise to a level of 110.40, higher than market expectations of a fall to a level of 108.20. In the prior month, the business confidence index had registered a revised reading of 108.50.
Italian industrial sales advanced in July
In July, on a YoY basis, the non-seasonally adjusted industrial sales advanced 4.00% in Italy. Industrial sales had advanced by a revised 7.30% in the prior month.
Italian consumer confidence index unexpectedly advanced in September
The consumer confidence index in Italy climbed unexpectedly to a level of 115.50 in September, compared to a revised reading of 111.20 in the previous month. Markets were anticipating the consumer confidence index to drop to 110.60.
Italian industrial sales fell in July
The seasonally adjusted industrial sales in Italy eased 0.30% in July on a monthly basis. Industrial sales had dropped by a revised 0.70% in the prior month.
Italian industrial orders rose in July
The seasonally adjusted industrial orders advanced 0.20% on a MoM basis, in July, in Italy. Industrial orders had recorded a revised drop of 0.70% in the prior month.
Italian industrial orders rose in July
On an annual basis, the non-seasonally adjusted industrial orders registered a rise of 10.10% in July, in Italy. Industrial orders had fallen by a revised 1.80% in the prior month.
Swiss economic expectations index rose in September
In September, the economic expectations index in Switzerland rose to a level of 28.00. The economic expectations index had recorded a level of 25.00 in the prior month.
Swiss UBS consumption indicator climbed in August
In Switzerland climbed to 1.53 in August. UBS consumption indicator had recorded a revised reading of 1.46 in the prior month.
US non-defence capital goods orders (ex aircraft) advanced more than expected in August
On a MoM basis, the preliminary non-defence capital goods orders (ex aircraft) rose 0.90% in the US, in August, more than market expectations for an advance of 0.30%. In the previous month, the non-defence capital goods orders (ex aircraft) had registered a rise of 1.00%.
US pending home sales fell more than expected in August
In the US, pending home sales fell 3.10% on a YoY basis in August, more than market expectations for a drop of 0.50%. Pending home sales had fallen 0.50% in the previous month.
US mortgage applications dropped in the last week
In the US, mortgage applications eased 0.50% in the week ended 22 September 2017 on a weekly basis. Mortgage applications had recorded a drop of 9.70% in the previous week.
US pending home sales declined more than expected in August
On a MoM basis, pending home sales in the US eased 2.60% in August, compared to a drop of 0.80% in the prior month. Markets were expecting pending home sales to fall 0.50%.
US durable goods orders (ex transportation) rose as expected in August
In August, on a MoM basis, the preliminary durable goods orders (ex transportation) in the US advanced 0.20%, at par with market expectations. Durable goods orders (ex transportation) had advanced 0.60% in the prior month.
US durable goods orders advanced more than expected in August
In August, the flash durable goods orders in the US rose 1.70% on a monthly basis, more than market expectations for an advance of 1.00%. In the previous month, durable goods orders had registered a drop of 6.80%.
US non-defence capital goods shipments (ex aircraft) rose more than expected in August
The flash non-defence capital goods shipments (ex aircraft) climbed 0.70% on a MoM basis in the US, in August, higher than market expectations for a rise of 0.10%. In the prior month, the non-defence capital goods shipments (ex aircraft) had recorded a rise of 1.20%.
BoC will proceed ‘cautiously’ on rates: Governor Poloz
The Bank of Canada (BoC) Governor, Stephen Poloz, indicated that the central bank will take a cautious approach to any future interest rate hikes. Further, Poloz stressed that there is no prearranged route for further interest rate hikes and added that any move will be data-dependent.
Foreign investors remained net sellers of Japanese stocks in the previous week
Foreign investors were net sellers of ¥923.90 billion worth of Japanese stocks in the week ended 22 September 2017, from being net sellers of ¥918.60 billion worth of Japanese stocks in the previous week.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥69.70 billion worth of foreign stocks in the week ended 22 September 2017, from being net buyers of ¥141.90 billion worth of foreign stocks in the previous week.
Foreign investors became net sellers of Japanese bonds in the previous week
Foreign investors were net sellers of ¥1389.90 billion worth of Japanese bonds in the week ended 22 September 2017, as compared to being net sellers of a revised ¥56.20 billion worth of Japanese bonds in the previous week.
Japanese investors became net buyers of foreign bonds in the previous week
Japanese investors were net buyers of ¥233.60 billion worth of foreign bonds in the week ended 22 September 2017, as compared to being net buyers of a revised ¥384.20 billion worth of foreign bonds in the previous week.
Japanese small business confidence index climbed in September
In September, the small business confidence index recorded a rise to 49.40 in Japan, lower than market expectations of a rise to 49.50. The small business confidence index had recorded a reading of 49.00 in the prior month.
Japanese machine tool orders rose in August
In August, on an annual basis, the final machine tool orders in Japan climbed 36.20%. Machine tool orders had registered a rise of 28.00% in the prior month. The preliminary figures had indicated a rise of 36.30%.
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