Guardian Stockbrokers Key Economic News Tuesday 16 November 2021

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

Euro-zone trade surplus narrowed in September

In the Euro-zone, seasonally adjusted trade surplus narrowed to €6.10 billion in September, compared to a revised surplus of €9.70 billion in the prior month.

US NY Empire State manufacturing index climbed more than expected in November

In the US, the NY Empire State manufacturing index advanced to 30.90 in November, compared to a level of 19.80 in the previous month. Markets were expecting the index to rise to a level of 21.60.

RBA Minutes: No rate hike until wage & inflation criteria are met

Minutes of the Reserve Bank of Australia (RBA) indicated that the central bank remains committed to maintaining highly supportive monetary conditions. Also, it reiterated that board will not raise the cash rate until wage and inflation targets are met.

Japan’s tertiary industry index rose in September

In Japan, the tertiary industry index recorded a rise of 0.50% on a MoM basis in September, compared to a revised drop of 1.10% in the prior month.

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