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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK average earnings excluding bonus rose as expected in the July-September 2017 period
In the July-September 2017 period, the average earnings excluding bonus registered a rise of 2.20% in the UK on a YoY basis, compared to a revised similar rise in the June-August 2017 period. Markets were expecting the average earnings excluding bonus to rise 2.20%.
UK average earnings including bonus advanced more than expected in the July-September 2017 period
On an annual basis, the average earnings including bonus in the UK rose 2.20% in the July-September 2017 period, more than market expectations for a rise of 2.10%. The average earnings including bonus had recorded a revised rise of 2.30% in the June-August 2017 period.
UK ILO unemployment rate remained steady in the July-September 2017 period
In the July-September 2017 period, the ILO unemployment rate remained steady at 4.30% in the UK. Market expectation was for the ILO unemployment rate to remain unchanged.
Number of unemployment benefits claimants in the UK advanced in October
Number of unemployment benefits claimants in the UK advanced by 1.10 K in October. Number of unemployment benefits claimants had registered a revised gain of 2.60 K in the prior month.
UK claimant count rate remained flat in October
The claimant count rate remained flat at 2.30% in October, in the UK.
Employment in the UK unexpectedly dropped in the July-September 2017 period
Employment in the UK dropped unexpectedly by 14.00 K in the July-September 2017 period, less than market anticipations of an advance of 52.00 K. Employment had recorded a gain of 94.00 K in the June-August 2017 period.
Euro-zone trade surplus rose in September
The seasonally adjusted trade surplus in the Euro-zone rose to €25.00 billion in September, compared to market expectations of a trade surplus of €21.00 billion. The Euro-zone had reported a revised trade surplus of €21.00 billion in the previous month.
Euro-zone trade surplus widened in September
The non-seasonally adjusted trade surplus in the Euro-zone widened to €26.40 billion in September, following a trade surplus of €16.10 billion in the prior month.
French EU normalised CPI advanced as expected in October
In October, the final EU normalised consumer price index (CPI) recorded a rise of 0.10% in France on a MoM basis, at par with market expectations. In the previous month, EU normalised CPI had registered a drop of 0.20%. The preliminary figures had also indicated an advance of 0.10%.
French CPI (ex-tobacco) rose as expected in October
In France, the final CPI (ex-tobacco) climbed 1.10% in October on a YoY basis, in line with market expectations. The CPI (ex-tobacco) had registered a rise of 1.00% in the prior month. The preliminary figures had also recorded a rise of 1.10%.
French CPI (ex-tobacco) advanced as expected in October
The final CPI (ex-tobacco) in France advanced 0.10% on a monthly basis in October, compared to a fall of 0.20% in the previous month. Markets were anticipating the CPI (ex-tobacco) to rise 0.10%. The preliminary figures had also recorded a rise of 0.10%.
US NY Empire State manufacturing index declined in November
The NY Empire State manufacturing index registered a drop to 19.40 in November, in the US, compared to market expectations of a fall to 25.10. In the previous month, the NY Empire State manufacturing index had registered a reading of 30.20.
US retail sales (ex-auto & gas) rose as expected in October
In October, retail sales (ex-auto & gas) in the US climbed 0.30% on a MoM basis, compared to a revised rise of 0.60% in the prior month. Market expectation was for retail sales (ex-auto & gas) to advance 0.30%.
US mortgage applications rose in the last week
On a weekly basis, mortgage applications registered a rise of 3.10% in the week ended 10 November 2017, in the US. Mortgage applications had recorded an unchanged reading in the prior week.
US CPI rose as expected in October
In October, the CPI climbed 2.00% in the US on a YoY basis, compared to an advance of 2.20% in the prior month. Markets were anticipating the CPI to climb 2.00%.
US total net TIC flows dropped in September
Total net TIC flows eased to $51.34 billion in the US, in September. Total net TIC flows had registered a revised reading of $130.16 billion in the previous month.
US retail sales ex-autos rose less than expected in October
On a MoM basis, in the US, retail sales ex-autos rose 0.10% in October, less than market expectations for an advance of 0.20%. Retail sales ex-autos had advanced by a revised 1.20% in the previous month.
US net treasury international capital (TIC) long term purchases climbed in September
In the US, net treasury international capital (TIC) long term purchases advanced to $80.91 billion in September. In the previous month, net treasury international capital (TIC) long term purchases had recorded a revised level of $73.19 billion.
US CPI (ex-food & energy) rose more than expected in October
On a YoY basis, the CPI (ex-food & energy) registered a rise of 1.80% in the US, in October, higher than market expectations for an advance of 1.70%. In the prior month, the CPI (ex-food & energy) had recorded a rise of 1.70%.
US advance retail sales unexpectedly rose in October
Advance retail sales in the US unexpectedly rose 0.20% on a monthly basis in October, higher than market expectations for an unchanged reading. In the prior month, advance retail sales had advanced by a revised 1.90%.
US retail sales Control Group advanced as expected in October
In October, retail sales Control Group in the US registered a rise of 0.30% on a monthly basis, meeting market expectations. In the prior month, retail sales Control Group had climbed by a revised 0.50%.
US CPI rose as expected in October
In October, the CPI rose 0.10% on a MoM basis in the US, at par with market expectations. In the prior month, the CPI had registered a rise of 0.50%.
US business inventories remained flat in September
Business inventories in the US remained steady in September on a monthly basis, at par with market expectations. In the prior month, business inventories had registered a revised rise of 0.60%.
US CPI (ex-food & energy) advanced as expected in October
In the US, the CPI (ex-food & energy) advanced 0.20% in October on a MoM basis, in line with market expectations. In the previous month, the CPI (ex-food & energy) had advanced 0.10%.
Canadian house price index dropped in October
In October, on a MoM basis, the house price index in Canada slid 1.00%. In the previous month, the house price index had fallen 0.80%.
Canadian existing home sales rose in October
In Canada, existing home sales rose 0.90% on a MoM basis, in October. Existing home sales had registered a rise of 2.10% in the prior month.
Foreign investors turned net sellers of Japanese bonds in the previous week
Foreign investors turned net sellers of ¥99.20 billion worth of Japanese bonds in the week ended 10 November 2017, from being net buyers of a revised ¥96.30 billion worth of Japanese bonds in the prior week.
Japanese industrial production fell in September
On a MoM basis, the final industrial production dropped 1.00% in September, in Japan. In the previous month, industrial production had registered a rise of 2.00%. The preliminary figures had indicated a fall of 1.10%.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥308.20 billion worth of foreign stocks in the week ended 10 November 2017, from being net buyers of ¥169.70 billion worth of foreign stocks in the previous week.
Japanese industrial production rose in September
That the final industrial production recorded a rise of 2.60% in Japan on an annual basis, in September. In the previous month, industrial production had climbed 5.30%. The preliminary figures had recorded an advance of 2.50%.
Japanese housing loans advanced in 3Q 2017
On a YoY basis, housing loans rose 2.90% in 3Q 2017, in Japan. Housing loans had registered a rise of 3.30% in the prior quarter.
Japanese capacity utilisation fell in September
Capacity utilisation slid 1.50% in Japan on a MoM basis, in September. In the prior month, capacity utilisation had registered a rise of 3.30%.
Foreign investors turned net buyers of Japanese stocks in the previous week
Foreign investors turned net buyers of ¥182.40 billion worth of Japanese stocks in the week ended 10 November 2017, as compared to being net sellers of a revised ¥4.80 billion worth of Japanese stocks in the prior week.
Japanese investors remained net sellers of foreign bonds in the previous week
Japanese investors were net sellers of ¥105.00 billion worth of foreign bonds in the week ended 10 November 2017, as compared to being net sellers of a revised ¥729.60 billion worth of foreign bonds in the prior week.
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