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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German import price index fell more than expected in September
In September, on a YoY basis, the import price index registered a drop of 4.00% in Germany, higher than market expectations for a drop of 3.50%. The import price index had recorded a drop of 3.10% in the previous month.
German import price index dropped more than expected in September
On a monthly basis, the import price index dropped 0.70% in Germany, in September, higher than market expectations for a drop of 0.20%. In the previous month, the import price index had dropped 1.50%.
German consumer confidence index registered a drop in November
GfK Group has reported that compared to a reading of 9.60 in the prior month the consumer confidence index in Germany registered a drop to 9.40 in November. Markets were anticipating the consumer confidence index to fall to 9.40.
French consumer confidence eased unexpectedly in October
In October, consumer confidence in France dropped unexpectedly to a level of 96.00, compared to a level of 97.00 in the previous month. Market expectation was for consumer confidence to record a flat reading.
Italian consumer confidence index advanced unexpectedly in October
The consumer confidence index advanced unexpectedly to 116.90 in Italy, in October, compared to a revised level of 113.00 in the previous month. Market expectation was for the consumer confidence index to ease to a level of 112.20.
Italian business confidence index climbed surprisingly in October
The business confidence index in Italy registered an unexpected rise to a level of 105.90 in October, compared to market expectations of a drop to a level of 103.90. The business confidence index had recorded a revised reading of 104.40 in the previous month.
December meeting in sight for the first Fed rate hike
The US Fed, as widely expected, left its benchmark interest rate unchanged in the October monetary policy meeting. It issued a surprisingly hawkish post-meeting statement, clearly indicating that the US central bank will be looking for progress in employment and labour when deliberating a rate hike at its December meeting. In particular, the Fed suggested that recent global headwinds have eased and downgraded concerns surrounding slowing growth in China.
US mortgage applications fell in the last week
On a weekly basis, mortgage applications in the US dropped 3.50% in the week ended 23 October 2015. In the prior week, mortgage applications had climbed 11.80%.
Japanese investors became net buyers of foreign bonds in the previous week
Japanese investors were net buyers of ¥463.20 billion worth of foreign bonds in the week ended 23 October 2015, from being net buyers of a revised ¥496.40 billion worth of foreign bonds in the prior week.
Japanese industrial production registered an unexpected rise in September
In September on a MoM basis, the preliminary industrial production in Japan unexpectedly climbed 1.00%, more than market expectations for a fall of 0.50%. In the previous month, industrial production had fallen 1.20%.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥158.80 billion worth of foreign stocks in the week ended 23 October 2015, from being net buyers of ¥272.80 billion worth of foreign stocks in the prior week.
Japanese small business confidence index eased surprisingly in October
The small business confidence index dropped unexpectedly to 48.70 in October, in Japan, compared to market expectations of an advance to 49.20. In the prior month, the small business confidence index had recorded a reading of 49.00.
Japanese industrial production dropped less than expected in September
On a YoY basis, the flash industrial production registered a drop of 0.90% in Japan, in September, lower than market expectations for a drop of 2.60%. Industrial production had recorded a drop of 0.40% in the previous month.
Foreign investors turned net buyers of Japanese bonds in the previous week
Foreign investors turned net buyers of ¥771.10 billion worth of Japanese bonds in the week ended 23 October 2015, from being net sellers of a revised ¥50.70 billion worth of Japanese bonds in the previous week.
Foreign investors turned net buyers of Japanese stocks in the previous week
Foreign investors turned net buyers of ¥324.90 billion worth of Japanese stocks in the week ended 23 October 2015, as compared to being net sellers of ¥29.30 billion worth of Japanese stocks in the previous week.
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