Global equities ended sharply lower last week, as surging coronavirus cases in several countries stoked fears of a sluggish economic recovery.
UK Markets ended the week in negative territory, amid concerns that another round of lockdown restriction would hamper the country’s economic recovery.
In the UK, the number of mortgage approvals for house purchases unexpectedly advanced to a 13-year high level in September.
In UK, seasonally adjusted Nationwide house prices rose more than market consensus in October.
UK’s CBI distributive trade survey's retail sales balance fell to its lowest level since June in October.
In the UK, consumer credit borrowing dropped in September.
UK’s BRC shop price index declined on an annual basis in September.
European Markets ended the week on a negative footing, amid concerns over increasing coronavirus cases in the region.
In the Eurozone, the industrial confidence index advanced for the sixth consecutive month in October.
Eurozone’s business climate indicator rose to a seven-month high in October.
Eurozone’s gross domestic product (GDP) expanded at its fastest pace in 3Q20.
Eurozone’s services sentiment indicator dropped less-than-anticipated in October.
In the Eurozone, the final consumer confidence index declined in October.
Eurozone’s consumer price index (CPI) fell for the third straight month in October.
In the Eurozone, the economic sentiment indicator unexpectedly remained unchanged in October.
In the Eurozone, the unemployment rate remained unchanged in September.
Germany’s Ifo current assessment index advanced more-than-expected in October.
In Germany, seasonally adjusted unemployment rate eased in October.
In Germany, GDP grew on a quarterly basis in 3Q20.
Germany’s Ifo business expectations index slid in October.
In Germany, the Ifo business climate index fell for the first time in six months in October.
Germany’s consumer prices declined for the second straight month in October.
Germany’s retail sales fell on a monthly basis in September.
The European Central Bank (ECB), in its latest monetary policy decision, kept its interest rate unchanged at 0.0%, citing a highly uncertain outlook amid a resurgence in the Covid-19 pandemic. Additionally, the central bank kept its existing asset purchase program unchanged at €1.35 trillion. The ECB stated that it expects the interest rates to remain at their present or lower levels until the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon.
US Markets ended the week in red, amid disappointing US corporate earnings report and ongoing worries about rising coronavirus cases in the country.
In the US, the Dallas Fed manufacturing business index rose in October.
US goods trade deficit narrowed in September.
The Richmond Fed manufacturing index advanced in October.
The housing price index climbed more than market forecast in August.
US durable goods orders increased for the fifth consecutive month in September.
The MBA mortgage applications advanced on a weekly basis in the week ended 23 October 2020.
US annualised GDP rebounded in 3Q20.
The final Michigan consumer sentiment index climbed more than initially estimated in October.
Personal spending rose on a monthly basis in September.
Personal income advanced in September.
The Chicago Fed Purchasing Managers’ Index dropped less-than-anticipated in October.
US initial jobless claims slid to a 7-month low level in the week ended 23 October 2020.
US new home sales fell on a monthly basis in September.
The CB consumer confidence index deteriorated in October.
The Chicago Fed National Activity Index declined more than market consensus in September.
US pending home sales unexpectedly dropped on a monthly basis in September.
Asian Markets ended weaker last week, tracking losses in their US counterparts.
Australia’s CPI advanced on a quarterly basis in 3Q20.
In Australia, the NAB business confidence index improved in 3Q20.
Australia’s PPI unexpectedly rose on a quarterly basis in 3Q20.
In Australia, private sector credit demand accelerated in September.
Australia’s AiG performance of manufacturing index climbed in October.
In Australia, home loans rose in September.
Australia’s building permits jumped in September.
In Australia, the Commonwealth Bank manufacturing PMI remained unchanged in October.
China’s non-manufacturing PMI strengthened in October.
In China, the Caixin manufacturing PMI unexpectedly rose in October, recording its highest reading since January 2011.
China’s NBS manufacturing PMI fell in October.
In Japan, the final leading economic index advanced in August.
Japan’s consumer confidence index climbed in October.
Japan’s final coincident index increased in August.
In Japan, industrial production rose more-than-anticipated in September.
In Japan, the Jibun Bank manufacturing PMI advanced in October.
In Japan, seasonally adjusted retail trade dropped on a monthly basis in September.
In Japan, the Tokyo CPI eased on an annual basis in October.
Japan’s housing starts declined on an annual basis in September.
Japan’s unemployment rate unexpectedly remained unchanged in September.
The Bank of Japan kept its key interest rate unchanged at -0.1%, as widely expected.