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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
ECB’s President Christine Lagarde says ECB must at a ‘minimum’ halt stimulus
European Central Bank’s (ECB) President, Christine Lagarde, in her latest speech, stated that the government must at a “minimum” stop stimulating the economy through its monetary policy.
Euro-zone PPI advanced more than expected in August
In the Euro-zone, the PPI climbed 43.30% on a YoY basis in August, compared to a revised rise of 38.00% in the prior month. Markets were expecting the PPI to rise 43.2%.
US JOLTS job openings dropped more than expected in August
In the US, the JOLTS job openings fell to 10.05 million in August, compared to a revised reading of 11.17 million in the prior month. Market expectations were for the job openings to fall to 10.45 million.
US factory orders recorded a flat reading in August
In the US, factory order recorded a flat reading on a MoM basis in August, compared to a drop of 1.00% in the previous month. Markets were anticipating factory orders to record a rise of 0.30%.
Australia services PMI advanced more than anticipated in September
In Australia, the S&P Global services PMI climbed to 50.60 in September, compared to reading of 50.20 in the previous month. Markets anticipations were for the services PMI to rise to 50.40.
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