The key points from today’s economic news, brought to you by Guardian Stockbrokers.
US durable goods orders surprisingly dropped in November
In the US, the flash durable goods orders unexpectedly fell 2.00% on MoM basis in November. Durable goods orders had advanced 0.50% in the prior month.
US Chicago Fed national activity index climbed in December
In the US, the Chicago Fed national activity index climbed to a level of 0.56 in December, compared to market expectations of an advance to a level of -0.09. In the previous month, the index had registered a revised to a level of -0.76.
US new home sales rose in November
In the US, new home sales rose to a level of 719.00 K on a MoM basis in November, compared to a revised level of 710.00 K in the prior month. Market expectation was for new home sales to rise to a level of 728.00 K.
Canadian GDP rose in October
In Canada, the gross domestic product (GDP) rose 1.20% on a YoY basis in October. The GDP had advanced by a revised 1.50% in the prior month.
BoJ Minutes: Policymakers consider further easing of monetary policy
Minutes of the Bank of Japan’s (BoJ) latest monetary policy meeting indicated that the board members believed the central bank must work carefully with the government in dealing with the next economic downturn. Further, policymakers kept its policy steady but gave the strongest signal that it may cut interest rates in the near future, emphasizing its concern that overseas risks could derail a fragile economic recovery.
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