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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 August
In the UK, the public sector net borrowing has reported a deficit of £5.77 billion in August, following a revised surplus of £1.47 billion in the previous month. Markets were expecting public sector net borrowing to report a deficit of £6.65 billion.
German Ifo business expectations index surprisingly eased in September
In Germany, the Ifo business expectations index recorded an unexpected drop to a level of 90.80 in September, compared to market expectations of a rise to a reading of 91.80. The index had registered a reading of 91.30 in the prior month.
German Ifo business climate index rose in September
In Germany, the Ifo business climate index recorded a rise to a level of 94.60 in September, compared to a reading of 94.30 in the previous month. Markets were anticipating the index to advance to a level of 94.50.
US consumer confidence index dropped in September
In the US, the consumer confidence index recorded a drop to a level of 125.10 in September, compared to a revised reading of 134.20 in the prior month.
BoJ Minutes: Policymakers in favour of monetary policy easing
Minutes of the Bank of Japan’s (BoJ) July meeting indicated that the policymakers discussed the need for the central bank to take preemptive steps to downside risks to the economy and prices. Additionally, the central bank signaled the possibility of expanding stimulus as early as its next policy meeting in October by issuing a stronger warning against overseas risks.
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