In U.S. economic news, Philadelphia Fed Index for January read at 22.2, below the upwardly-revised prior-month’s reading of 27.9, and short of consensus estimates of 24.5. Elsewhere, Eurozone inflation slowed to 1.4% in December following November’s 1.5% record, and is in-line with economists’ estimates. Meanwhile, the gross domestic product for China during 2017 expanded for the first time in seven years, as the year-end figure reported by the National Bureau of Statistics came in at 6.9%.
In U.S. economic news, NFIB Small Business Optimism grew to 104.9 for December, higher than the 107.5 reported in November. The MBA Mortgage Index for the week ended January 6th came in at 8.3%, higher than the -2.8% contraction in the prior month.
In U.S. economic news the Case-Shiller Home Price Index registered 6.4% growth for October, beating both September’s growth of 6.2% and consensus estimates of 6.3%. The Consumer Confidence Index showed a December reading of 122.1, below both November’s downwardly revised figure of 128.6 and analysts’ estimates of 128.0.
In U.S. economic news, the MBA Mortgage Application Index for the week ended December 30th fell 2.8%, a smaller decline from the previous week’s 4.9% fall. The ISM non-manufacturing index for December recorded a reading of 55.9, lower than both November’s 57.4 and consensus estimates of 57.6.
In U.S. economic news, personal income for November was reported as an increase of 0.3%, just below prior-month and consensus estimates of a 0.4% gain. Personal spending in the same month increased by 0.6% above the downwardly-revised October growth of 0.2% and consensus estimates of 0.4% jump.
In U.S. economic news, CPI for the month of November was reported as a 0.4% growth, higher than the 0.1% gain seen in the prior month and matching economists’ estimates. November’s core CPI dipped slightly to a 0.1% rise, coming in slightly less than the prior month’s reading and economists’ estimates of a 0.2% jump.
In U.S. economic news, October’s factory orders came in at a 0.1% decrease, below the prior-period’s upwardly-revised 1.7% gain, and higher than estimates of a 0.4% decrease. In labor news, the unemployment rate for November came in at 4.1%, matching both October’s reading and estimates.Non-farm payrolls for November were reported as 228K, lower than the prior-month’s downwardly-revised 244K, yet above estimates of 190K. Non-farm private payrolls for November were released as 221K, below October’s downwardly-revised 247K, and higher than estimates of 170K.
In U.S. economic news, the second estimate of GDP in the third quarter was a growth of 3.3%, up from the prior-quarter’s figure of 3.0% and just above consensus estimates of 3.2%. Germany’s unemployment declined to 18,000 in November from October as the jobless rate held steady at 50.6%. Manufacturing growth in India expanded as PMI was released as 52.6 in November, gaining from the 50.3 reported in October.
In U.S. economic news, durable orders for October fell 1.2%, below the prior-period’s 2.2% increase and missing analysts’ estimates of 0.4% growth. Germany’s GDP grew 0.8% sequentially, expanding from the 0.6% reported in the second quarter and in-line with economists’ estimates. Taiwan’s third-quarter real GDP grew by 3.10% year-over-year, slightly lower than the previous estimate of 3.11%, and higher than the upwardly-revised 2.28% on-year growth reported in the second quarter.
In U.S. economic news, retail sales grew 0.2% in October, below the prior month’s upwardly-revised 1.9% rise, but besting estimates of a 0.1% gain. The U.K. retails grew 0.3% in October, ahead of economists’ predictions of a 0.2% gain. Moody’s has announced that they have upgraded Indian sovereign debt from Baa3 to Baa2. Economic and institutional reforms prompted the ratings agency to make the change which indicates a change from “stable” to “positive.”