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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net borrowing posted a deficit in October
The public sector net borrowing (excluding temporary effects of financial interventions) in the UK has posted a deficit of £8.00 billion in October, following a revised deficit of £5.00 billion in the prior month. Markets were expecting public sector net borrowing to announce a deficit of £7.10 billion.
UK public sector net borrowing posted a deficit in October
In the UK, the public sector net borrowing has reported a deficit £7.50 billion in October, from a revised deficit of £4.40 billion in the prior month. Markets were anticipating public sector net borrowing to show a deficit of £6.50 billion.
UK public sector net cash requirement reported a surplus in October
In the UK, public finances (public sector net cash requirement) has reported a surplus £3.80 billion in October, as compared to a revised deficit of £11.40 billion in the prior month.
UK balance of firms reporting total order book above normal advanced in November
The balance of firms reporting total order book above normal in the UK rose to a level of 17.00 in November, compared to market expectations of a rise to 3.00. The balance of firms reporting total order book above normal had registered a level of -2.00 in the prior month.
UK CBI trends selling prices eased in November
CBI trends selling prices fell to a level of 17.00 in the UK, in November. In the previous month, CBI trends selling prices had registered a reading of 18.00.
Spanish trade deficit fell in September
Spain has reported trade deficit of €2.15 billion in September, following a trade deficit of €3.23 billion in the previous month.
Swiss imports eased in October
Imports in Switzerland eased 1.10% in October on a monthly basis. In the prior month, imports had dropped by a revised 3.10%.
Swiss exports eased in October
On a MoM basis, exports fell 1.80% in Switzerland, in October. In the previous month, exports had registered a revised drop of 1.30%.
Swiss trade surplus narrowed in October
In October, trade surplus in Switzerland fell to CHF 2.33 billion, from a trade surplus of CHF 2.92 billion in the prior month.
Janet Yellen: US Inflation should rebound, but Fed uncertain whether low inflation is transitory or not
The Federal Reserve Chair, Janet Yellen, stated that the US central bank is reasonably close to its goals and expects inflation to pick up over the next two years. However, she cautioned that the Fed is “not certain” whether weakness in inflation will prove transitory. Further, Yellen noted that raising interest rates too quickly risked inflation to drift down to dangerously low level for too long.
US existing home sales rose in October
Existing home sales in the US rose 2.00%, on monthly basis, to a level of 5.48 million in October, compared to market expectations of 5.40 million. Existing home sales had registered a revised reading of 5.37 million in the previous month.
US Redbook index advanced in the last week
The Redbook index in the US rose 4.10% in the week ended 17 November 2017 on an annual basis. In the prior week, the Redbook index had registered a rise of 2.30%.
US Redbook index eased in the last week
In the week ended 17 November 2017, on a monthly basis, the seasonally adjusted Redbook index slid 0.70% in the US. The Redbook index had dropped 1.20% in the previous week.
US Chicago Fed national activity index surprisingly climbed in October
In October, the Chicago Fed national activity index unexpectedly rose to 0.65 in the US, compared to a revised level of 0.36 in the previous month. Markets were expecting the Chicago Fed national activity index to ease to 0.20.
Canadian wholesale sales unexpectedly dropped in September
Wholesale sales unexpectedly eased 1.20% on a MoM basis in Canada in September, less than market expectations for a rise of 0.60%. In the prior month, wholesale sales had risen by a revised 0.40%.
Japanese supermarket sales slid in October
Supermarket sales recorded a drop of 1.90% on a YoY basis in Japan, in October. In the prior month, supermarket sales had recorded a drop of 0.30%.
Japanese Tokyo department store sales declined in October
On an annual basis, Tokyo department store sales eased 0.30% in Japan, in October. Tokyo department store sales had risen 4.60% in the prior month.
Japanese nationwide department store sales slid in October
On a YoY basis, nationwide department store sales in Japan registered a drop of 1.80% in October. In the previous month, nationwide department store sales had advanced 4.40%.
Japanese all industry activity index fell more than expected in September
On a MoM basis, the all industry activity index in Japan recorded a drop of 0.50% in September, compared to a revised rise of 0.20% in the prior month. Market expectation was for the all industry activity index to fall 0.40%.
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