International News - Business and Financial

International News

• US Federal Reserve Chairman Jerome Powell says interest rates are close to neutral.
• US manufacturing PMI posted 55.3 in November, down slightly from 55.7 in October.
• US GDP rose by 3.5% in the Q3, unrevised from the initial estimate and following 4.2% growth in Q2.
• US trade deficit in goods widens by 1.3% to $77.2 bn in October from a revised $76.3 bn in September.
• US Chicago Fed's National Activity Index rose to 0.24 in October.
• US personal income climbed by 0.5% in October after edging up by 0.2% in September and personal spending advanced by 0.6% in October after rising by a revised 0.2% in the previous month.
• US pending home sales index fell 2.6% from the prior month to 102.1 in October.
• UK Markit/CIPS PMI rose to 53.1, up from October's 27-month low of 51.1.
• National Institute of Economic and Social Research says if the UK government's proposed Brexit deal is implemented, then UK GDP in the longer term will be around 4% lower than it would have been had the UK stayed in the EU.
• Eurozone manufacturing PMI was 51.8 in November compared to October’s 52.
• Eurozone services PMI was 53.1 in November compared to 53.7 in October.
• Eurozone composite PMI was 52.4 in November compared to 53.1 in October.
• Eurozone economic sentiment indicator fell to 109.5 in November from 109.7 in October.
• Eurozone CPI inflation rose 2% year-on-year in November following a 2.2% increase in October
• European Central Bank President Mario Draghi says Eurozone's gradual economic slowdown is normal and temporary to some extent, and underlying inflation is expected to rise in the coming months.
• China’s official manufacturing Purchasing Managers’ Index (PMI) fell to 50 in November, down from 50.2 in October, while non-manufacturing PMI fell to 53.4 in November from 53.9 in October.
• Japan’s retail sales surged 3.5% on year in October following the downwardly revised 2.1% gain in the previous month.

Last Updated: 30^th November 2018

Next Update On: 15^th December 2018

Update Frequency: Once Every Fortnight