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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI rose surprisingly in December
In December, the services PMI in the UK climbed unexpectedly to 56.20, compared to market expectations of a fall to a level of 54.70. The services PMI had registered a reading of 55.20 in the prior month.
UK new car registrations rose in December
New car registrations registered a rise of 2.50% on a YoY basis, in December, in the UK. New car registrations had risen 2.90% in the prior month.
UK official reserves registered a rise in December
In December, official reserves rose $29.00 million in the UK. In the prior month, official reserves had registered a drop of $1826.00 million.
Euro-zone PPI advanced as expected in November
In November, the producer price index (PPI) registered a rise of 0.30% on a MoM basis in the Euro-zone, at par with market expectations. In the previous month, the PPI had registered a rise of 0.80%.
Italian deficit to GDP (YTD) remained steady in 3Q 2016
In Italy, deficit to GDP (YTD) remained flat at a level of 2.30% in 3Q 2016.
Swiss CPI fell as expected in December
In December, on a monthly basis, the consumer price index (CPI) eased 0.10% in Switzerland, compared to a drop of 0.20% in the previous month. Markets were expecting the CPI to fall 0.10%.
Swiss EU HICP dropped less than expected in December
On a monthly basis in December, the EU harmonised consumer price index (HICP) eased 0.10% in Switzerland, compared to a drop of 0.30% in the previous month. Markets were anticipating the EU HICP to ease 0.20%.
Swiss CPI remained steady in December
In December, the CPI remained flat in Switzerland on a YoY basis, meeting market expectations. In the prior month, the CPI had fallen 0.30%.
Swiss EU HICP fell more than expected in December
On a YoY basis, the EU HICP recorded a drop of 0.20% in Switzerland, in December, more than market expectations for a fall of 0.10%. In the previous month, the EU HICP had registered a similar fall.
US Markit composite PMI slid in December
The final Markit composite PMI in the US registered a drop to 54.10 in December. Markit composite PMI had registered a level of 54.90 in the prior month. The preliminary figures had recorded a fall to 53.70.
US Markit services PMI fell in December
In the US, the final Markit services PMI registered a drop to 53.90 in December, compared to a level of 54.60 in the prior month. Market expectation was for Markit services PMI to fall to 53.40. The preliminary figures had recorded a drop to 53.40.
US initial jobless claims slid in the last week
The seasonally adjusted initial jobless claims in the US eased to 235.00 K in the week ended 31 December 2016, lower than market expectations of a fall to a level of 260.00 K. Initial jobless claims had recorded a revised level of 263.00 K in the previous week.
US non-manufacturing PMI remained steady in December
In the US, the non-manufacturing PMI remained steady at a level of 57.20 in December, compared to market expectations of a drop to a level of 56.80.
US continuing jobless claims advanced unexpectedly in the last week
In the US, the seasonally adjusted continuing jobless claims climbed unexpectedly to 2112.00 K in the week ended 24 December 2016, compared to a revised level of 2096.00 K in the prior week. Market expectation was for continuing jobless claims to ease to a level of 2045.00 K.
Private sector employment in the US registered a rise in December
The private sector employment rose by 153.00 K in the US, in December, lower than market anticipations of an advance of 175.00 K. The private sector employment had recorded a revised increase of 215.00 K in the previous month.
US number of planned layoffs by US companies recorded a rise in December
On an annual basis, the number of planned layoffs by US companies climbed 42.40% in the US, in December. The number of planned layoffs by US companies had fallen 13.00% in the previous month.
Canadian raw material price index dropped more than expected in November
In November, the raw material price index recorded a drop of 2.00% in Canada on a monthly basis, higher than market expectations for a fall of 1.80%. In the previous month, the raw material price index had advanced 3.30%.
Canadian industrial product price index rose less than expected in November
In Canada, the industrial product price index registered a rise of 0.30% in November on a monthly basis, less than market expectations for an advance of 0.50%. In the prior month, the industrial product price index had registered a rise of 0.70%.
Japanese investors became net sellers of foreign bonds in the previous week
Japanese investors were net sellers of ¥501.40 billion worth of foreign bonds in the week ended 30 December 2016, from being net sellers of ¥1265.60 billion worth of foreign bonds in the prior week.
Japanese vehicle sales climbed in December
In Japan, vehicle sales advanced 10.80% in December on a YoY basis. In the previous month, vehicle sales had registered a rise of 13.90%.
Foreign investors turned net buyers of Japanese stocks in the previous week
Foreign investors turned net buyers of ¥58.50 billion worth of Japanese stocks in the week ended 30 December 2016, from being net sellers of ¥198.70 billion worth of Japanese stocks in the previous week.
Japanese labour cash earnings advanced as expected in November
On an annual basis, labour cash earnings in Japan recorded a rise of 0.20% in November, compared to a rise of 0.10% in the prior month. Market expectation was for labour cash earnings to climb 0.20%.
Foreign investors turned net buyers of Japanese bonds in the previous week
Foreign investors turned net buyers of ¥828.10 billion worth of Japanese bonds in the week ended 30 December 2016, from being net sellers of ¥1670.80 billion worth of Japanese bonds in the prior week.
Japanese investors became net sellers of foreign stocks in the previous week
Japanese investors were net sellers of ¥9.50 billion worth of foreign stocks in the week ended 30 December 2016, as compared to being net sellers of ¥101.30 billion worth of foreign stocks in the prior week.
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