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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone industrial production dropped more than expected in September
In the Euro-zone, the seasonally adjusted industrial production recorded a drop of 0.30% on a MoM basis in September, higher than market expectations for a drop of 0.10%. In the prior month, industrial production had fallen by a revised 0.40%.
ECB Chief said signs of inflation have somewhat weakened
Addressing the European parliament’s Economic and Monetary Affairs Committee, the ECB President Mario Draghi stated that downside economic risks emanating from global growth and trade are clearly visible and as such signs of a turnaround in low inflation have somewhat weakened. The ECB Chief reiterated that the central bank will reconsider its monetary policy at its next meeting in December should conditions worsen.
German consumer price index remained unchanged in October
The final consumer price index remained steady on a MoM basis in Germany, in October, at par with market expectations. In the prior month, the consumer price index had recorded a drop of 0.20%. The preliminary figures had also recorded a flat reading.
German consumer price index rose as expected in October
In October, on an annual basis, the final consumer price index registered a rise of 0.30% in Germany, in line with market expectations. The preliminary figures had also recorded a rise of 0.30%. The consumer price index had recorded an unchanged reading in the prior month.
German HICP rose as expected in October
On a YoY basis, the final harmonised consumer price index recorded a rise of 0.20% in Germany, meeting market expectations. The preliminary figures had also indicated a rise of 0.20%. In the prior month, the HICP had dropped 0.20%.
German HICP remained unchanged in October
On a MoM basis, the final harmonised consumer price index remained unchanged in October, in Germany, at par with market expectations. The HICP had dropped 0.30% in the previous month. The preliminary figures had also recorded a flat reading.
French EU normalised consumer price index rose as expected in October
In France, EU normalised consumer price index advanced 0.10% on a MoM basis in October, meeting market expectations. In the prior month, EU normalised consumer price index had fallen 0.40%.
French consumer price index (ex-tobacco) recorded a rise in October
In France, the consumer price index (ex-tobacco) recorded a rise of 0.10% on a MoM basis, in October. The consumer price index (ex-tobacco) had dropped 0.40% in the previous month.
France posted current account surplus in September
Current account surplus in France stood at €0.50 billion in September. France had registered a revised current account deficit of €0.10 billion in the prior month.
US recorded budget deficit in October
The budget deficit in the US recorded a level of $136.53 billion in October, following a budget surplus of $91.06 billion in the prior month. Markets were anticipating the nation to register a budget deficit of $130.00 billion.
US initial jobless claims remained unchanged in the last week
In the week ended 07 November 2015, the seasonally adjusted initial jobless claims remained unchanged at a level of 276.00 K in the US. Market expectation was for initial jobless claims to drop to a level of 270.00 K.
US JOLTs job openings recorded a rise in September
In September, JOLTs job openings in the US recorded a rise to 5526.00 K, compared to a revised reading of 5377.00 K in the previous month. Market anticipation was for JOLTs job openings to rise to a level of 5400.00 K.
US continuing jobless claims rose unexpectedly in the last week
The seasonally adjusted continuing jobless claims registered an unexpected rise to a level of 2174.00 K in the US, in the week ended 31 October 2015, compared to market expectations of a fall to a level of 2155.00 K. In the prior week, continuing jobless claims had registered a revised reading of 2169.00 K.
Canadian new housing price index rose less than expected in September
On a MoM basis, in September, the new housing price index registered a rise of 0.10% in Canada, compared to a rise of 0.30% in the previous month. Markets were anticipating the new housing price index to climb 0.20%.
Canadian new housing price index advanced as expected in September
In September, on an annual basis, the new housing price index in Canada climbed 1.30%, in line with market expectations. The new housing price index had registered a similar rise in the previous month.
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