International News
- US Federal Reserve keeps interest rates steady and signals that it will continue to move up the rates at a gradual pace in coming months.
- US New York Fed’s general business conditions index rose to 23.3 in November from 21.1 in October.
- US retail sales advanced by 0.8% in October following a revised 0.1% dip in September.
- US initial jobless claims inched up to 216,000, an increase of 2,000 from the previous week's unrevised level of 214,000.
- US import prices climbed by 0.5% in October after rising by a downwardly revised 0.2% in September; export prices rose by 0.4% in October after coming in unchanged in September.
- US Philly Fed’s diffusion index for current general activity tumbled to 12.9 in November from 22.2 in September.
- UK retail sales volume including automotive fuel dropped 0.5% in October compared to a 0.4% fall in September.
- US producer price index for final demand climbed by 0.6% in October after rising by 0.2% in September.
- The UK GDP expanded 1.5% annually in Q3 compared to 1.2% in Q2.
- Japan’s current conditions index of the Economy Watchers Survey rose to 49.5 in October from 48.6 in September, while the outlook index of the survey fell to 50.6 in October from 51.3 in September.
- China’s consumer inflation remained unchanged at 2.5% in October; producer inflation eased to a 7-month low of 3.3% in October from 3.6% in September.
- China’s trade surplus was $34.01 bn for October compared to September's surplus of $31.69 bn.
- SoftBank Group Corp plans to raise $21 bn in an IPO of its domestic telecom operations.
- Johnson Controls International Plc to sell its power solutions business to Brookfield Business Partners in a $13 bn deal.
Last Updated: 15th November 2018
Next Update On: 30th November 2018
Update Frequency: Once Every Fortnight
