US – FOMC Meeting Minutes
According to the released FED minutes of their November meeting officials saw a strengthening case to raise interest rates as the labor market tightened, with some saying a hike should happen in December.
US – Natural Gas Storage
Natural gas stocks decreased by 2B cubic feet for the week ending November 18, after seeing a big buildup of 30B cubic feet in the previous week.
Canada – Corporate Profits q/q
Canadian corporations earned $80.7B in operating profits in Q3’16, up 14.0% from Q2’16.
The increase was led by a $6.5B gain in profits in finance and insurance industries.
On an annual basis, overall profits for Canadian corporations were down 1.1% compared with Q3’15.
UK – BBA Mortgage Approvals
UK mortgage approvals for October increased to 40.9K, compared to a revised 39.7K in September. This is the third consecutive month that mortgage approvals have increased.
EU – German Ifo Business Climate
Germany’s business climate index remain at a solid 110.4 level in November, the same score as October which was slightly revised downward from 110.5 to 110.4.
EU – German Final GDP q/q
Germany’s final GDP growth rate remained unchanged from its first release on 15-Nov at 0.2%, as reported by the Federal Statistics Office (Destatis).
EU – GfK German Consumer Climate
The overall German consumer climate indicator grew slightly to 9.8 points for the last month of this year, after 9.7 points in November.
Japan – Flash Manufacturing PMI
The Japanese initial manufacturing PMI for November dropped 0.3 points to 51.1, compared to a revised 51.4 in October.
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