The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house price balance registered a drop in November
In November, house price balance dropped to 49.00 in the UK, higher than market expectations of a fall to a level of 48.00. In the previous month, house price balance had recorded a revised reading of 50.00.
German current account surplus dropped in October
The non-seasonally adjusted current account surplus in Germany narrowed to €23.00 billion in October, compared to a revised current account surplus of €25.00 billion in the prior month. Market anticipation was for the nation to post a current account surplus of €23.70 billion.
German labour costs remained unchanged in 3Q 2015
In 3Q 2015, on a QoQ basis, the seasonally adjusted labour costs in Germany remained flat. Labour costs had risen by a revised 0.60% in the previous quarter.
German labour costs recorded a rise in 3Q 2015
On a YoY basis, the working day adjusted labour costs in Germany climbed 2.40% in 3Q 2015. Labour costs had climbed by a revised 3.00% in the prior quarter.
German trade surplus declined in October
The seasonally adjusted trade surplus in Germany narrowed to €22.50 billion in October, from a revised trade surplus of €22.80 billion in the previous month. Market expectation was for the nation to record a trade surplus of €21.70 billion.
German exports dropped more than expected in October
In October, the seasonally adjusted exports in Germany eased 1.20% on a MoM basis, more than market expectations for a fall of 0.60%. In the prior month, exports had registered a rise of 2.60%.
German imports declined more than expected in October
On a MoM basis, the seasonally adjusted imports eased 3.40% in October, in Germany, compared to a revised rise of 3.80% in the prior month. Markets were expecting imports to ease 1.00%.
Swiss unemployment rate steadied in November
In November, the seasonally adjusted unemployment rate remained steady at 3.40% in Switzerland, at par with market expectations.
Swiss unemployment rate advanced in November
In November, the non-seasonally adjusted unemployment rate rose to a level of 3.40% in Switzerland, meeting market expectations. Unemployment rate had recorded a level of 3.30% in the prior month.
US mortgage applications registered a rise in the last week
Mortgage applications in the US climbed 1.20% on a weekly basis, in the week ended 04 December 2015. Mortgage applications had fallen 0.20% in the prior week.
US wholesale inventories surprisingly dropped in October
The seasonally adjusted wholesale inventories unexpectedly eased 0.10% on a monthly basis in the US, in October, less than market expectations for an advance of 0.20%. The wholesale inventories had risen by a revised 0.20% in the prior month.
Japanese business survey index (BSI) of large manufacturing industries advanced in 4Q 2015
On a QoQ basis, business survey index (BSI) of large manufacturing industries advanced 3.80% in Japan, in 4Q 2015. In the prior quarter, business survey index (BSI) of large manufacturing industries had advanced 11.00%.
Japanese domestic corporate goods price index fell less than expected in November
In Japan, the domestic corporate goods price index dropped 3.60% on an annual basis in November, lower than market expectations for a fall of 3.80%. In the prior month, the domestic corporate goods price index had dropped 3.80%.
Japanese machine tool orders fell in November
In November, on an annual basis, the preliminary machine tool orders in Japan eased 17.90%. Machine tool orders had recorded a drop of 22.90% in the previous month.
Japanese domestic corporate goods price index declined less than expected in November
In November, on a monthly basis, the domestic corporate goods price index dropped 0.10% in Japan, compared to a drop of 0.60% in the previous month. Market anticipation was for the domestic corporate goods price index to ease 0.30%.
Foreign investors turned net buyers of Japanese stocks in the previous week
Foreign investors turned net buyers of ¥104.60 billion worth of Japanese stocks in the week ended 04 December 2015, from being net sellers of ¥54.60 billion worth of Japanese stocks in the previous week.
Foreign investors became net buyers of Japanese bonds in the previous week
Foreign investors remained net buyers of ¥179.60 billion worth of Japanese bonds in the week ended 04 December 2015, from being net buyers of ¥217.60 billion worth of Japanese bonds in the prior week.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥234.60 billion worth of foreign stocks in the week ended 04 December 2015, from being net buyers of a revised ¥53.50 billion worth of foreign stocks in the previous week.
Japanese investors turned net buyers of foreign bonds in the previous week
Japanese investors turned net buyers of ¥73.10 billion worth of foreign bonds in the week ended 04 December 2015, as compared to being net sellers of a revised ¥156.60 billion worth of foreign bonds in the previous week.
Japanese average office vacancies in Tokyo registered a rise in November
The average office vacancies in Tokyo rose 4.19% on a monthly basis, in November, in Japan. Average office vacancies in Tokyo had registered a rise of 4.46% in the prior month.
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