Guardian Stockbrokers Key Economic News Thursday 17 September 2020

Key points from today's business news brought to you by Guardian Stockbrokers.


The UK CPI rose unexpectedly in August

In the UK, the index of consumer prices (CPI) rose 0.20% yoy in August, compared to a 1.00% increase in the previous month. Markets expected the CPI to be flat.

As expected, the UK retail price index fell in August

In the UK, the retail price index fell 0.30% month on month in August, in line with market expectations, compared to a 0.50% increase in the previous month.

The eurozone's trade surplus widened in July

In the eurozone, the trade surplus rose to EUR 20.30 billion in July compared with a revised surplus of EUR 16.00 billion in the previous month.

The US Federal Reserve is signaling interest rates close to zero by 2023

The US Federal Reserve held its key rates unchanged at 0% to 0.25% at its monetary policy meeting in September and also indicated that interest rates could remain anchored near zero until inflation rises steadily. Meanwhile, Fed officials expect interest rates to stay at or near zero through at least 2023. In addition, policymakers forecast an annual GDP decline of 3.7%, below 6.5% previously forecast in June. However, the outlook for 2021 has been lowered to 4% and for 2022 to 3%. The Committee also expects GDP growth of 2.5% in 2023.

US retail sales grew less than expected in August

In the US, retail sales rose 0.60% month on month in August, compared to a revised increase of 0.90% in the previous month. The markets expected retail sales to grow 1.00%.

Click here to subscribe to the in-depth Guardian Stockbrokers Market Daily report.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading website for stocks and shares information, brings the latest high-tech trading tools to the private investor and includes live streaming of price data, market prices and the option to access Level 2 data on all of the world's major key exchanges (LSE, NYSE, NASDAQ, Euronext, etc.).

This section of the website serves as an independent financial commentary. These blogs are provided by independent authors on a common carrier platform and do not represent the views of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse, or exercise editorial control over these articles and therefore makes no responsibility or warranties in connection with or recommends that you or any third party rely on such information. The information available on is for your general information and use only and is not intended to meet your specific needs. In particular, the information does not represent any form of advice or recommendation by ADVFN.COM and should not be used by users as a basis for investment decisions (or should not be relied on). Authors may or may not have positions in stocks they are discussing, but it should be considered very likely that their opinions are consistent with their trading and that they hold positions in companies, forex, commodities, and other instruments they are discussing.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.