Guardian Stockbrokers Key Economic News Thursday 10 October 2019

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK house price balance unexpected rose in September

In the UK, the house price balance recorded an unexpected rise to a level of 2.00% in September, compared to market expectations of a fall to 7.00%. In the previous month, house price balance had registered a level of 4.00%.

FOMC minutes: Fed officials worried about US economic growth

Minutes of the US Federal Reserve’s (Fed) September monetary policy meeting revealed that the policymakers expressed concerns over the US economic growth, amid ongoing trade tensions between the US and China. Further, several policymakers discussed that the likelihood of a recession had increased recently due to risks associated with the trade war and geopolitical tensions.

US JOLTs job openings unexpectedly slid in August

In the US, JOLTs job openings recorded an unexpected drop to a level of 7051.00 K in August, lower than market expectations of an advance to a reading of 7191.00 K. In the previous month, JOLTs job openings had registered a revised to a level of 7174.00 K.

US mortgage applications rose in the last week

In the US, mortgage applications recorded a rise of 5.40% on a weekly basis in the week ended 04 October 2019. Mortgage applications had advanced 8.10% in the prior week.

Japanese machinery orders declined more than expected in August

In Japan, machinery orders eased 2.40% on a MoM basis in August, higher than market expectations for a fall of 1.00%. Machinery orders had fallen 6.60% in the prior month.

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