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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German PPI rose more than expected in August
In Germany, the PPI jumped 12.00% on a YoY basis in August, compared to a rise of 10.40% in the prior month. Markets were expecting the PPI to record a rise of 9.20%.
US housing market index unexpectedly advanced in September
In the US, the housing market index rose to 76.00 in September, compared to a level of 75.00 in the previous month.
RBA minutes: RBA considers delaying tapering of its bond-buying programme
Minutes of the Reserve Bank of Australia (RBA) indicated that the Board is considering a delay in the planned A$1 billion tapering of its bond -buying programme. The central bank decided to maintain bond buying at current level until at least February before considering a further reduction. Also, the bank highlighted that it would not raise interest rates until 2024. The RBA expressed concerns that the spread of the Delta variant could slow the economy’s recovery once coronavirus lockdowns start to ease.
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