The key points from today’s economic news, brought to you by Guardian Stockbrokers.

UK official reserves climbed in September
Official reserves climbed $554.00 million in the UK, in September. In the prior month, official reserves had registered a rise of $1603.00 million.
UK services PMI surprisingly rose in September
In September, the services PMI in the UK advanced unexpectedly to a level of 53.60, compared to market expectations of a steady reading. In the prior month, the services PMI had recorded a level of 53.20.
Euro-zone services PMI advanced in September
In September, the final services PMI registered a rise to 55.80 in the Euro-zone, higher than market expectations of a rise to a level of 55.60. In the prior month, services PMI had registered a level of 54.70. The preliminary figures had indicated an advance to 55.60.
Euro-zone retail sales rose less than expected in August
In August, the seasonally adjusted retail sales recorded a rise of 1.20% in the Euro-zone on an annual basis, compared to a revised rise of 2.30% in the prior month. Market expectation was for retail sales to rise 2.60%.
Euro-zone retail sales unexpectedly fell in August
On a MoM basis, the seasonally adjusted retail sales unexpectedly dropped 0.50% in the Euro-zone, in August, less than market expectations for an advance of 0.30%. In the prior month, retail sales had recorded a drop of 0.30%.
Euro-zone composite PMI advanced in September
The final composite PMI advanced to 56.70 in September, in the Euro-zone, compared to a level of 55.70 in the previous month. The preliminary figures had also recorded an advance to 56.70. Markets were expecting composite PMI to remain at 56.70.
German services PMI climbed in September
In September, the final services PMI registered a rise to 55.60 in Germany, at par with market expectations. The preliminary figures had also recorded a rise to 55.60. In the previous month, services PMI had recorded a reading of 53.50.
German Markit composite PMI advanced in September
Compared to a level of 55.80 in the prior month the final Markit composite PMI recorded a rise to 57.70 in September, in Germany. The preliminary figures had indicated a rise to 57.80. Market anticipation was for Markit composite PMI to advance to 57.80.
French services PMI climbed in September
In September, the final services PMI recorded a rise to 57.00 in France, lower than market expectations of an advance to 57.10. The preliminary figures had indicated a rise to 57.10. In the previous month, services PMI had registered a level of 54.90.
Italian services PMI slid in September
In September, the services PMI eased to 53.20 in Italy, compared to market expectations of a drop to 55.00. The services PMI had recorded a reading of 55.10 in the prior month.
Spanish services PMI climbed surprisingly in September
The services PMI in Spain rose unexpectedly to a level of 56.70 in September, compared to a level of 56.00 in the previous month. Markets were anticipating the services PMI to ease to 55.50.
US Markit services PMI dropped in September
In September, the final Markit services PMI fell to a level of 55.30 in the US, compared to a level of 56.00 in the previous month. The preliminary figures had indicated a fall to 55.10. Markets were anticipating Markit services PMI to drop to a level of 55.10.
US non-manufacturing PMI advanced in September
The non-manufacturing PMI advanced to 59.80 in the US, in September, compared to market expectations of a rise to 55.50. The non-manufacturing PMI had registered a level of 55.30 in the previous month.
US mortgage applications dropped in the last week
Mortgage applications in the US eased 0.40% on a weekly basis, in the week ended 29 September 2017. In the previous week, mortgage applications had dropped 0.50%.
Private sector employment in the US increased in September
The private sector employment in the US climbed by 135.00 K in September, following a revised increase of 228.00 K in the previous month. Markets were expecting the private sector employment to advance 135.00 K.
US Markit composite PMI dropped in September
The final Markit composite PMI dropped to 54.80 in the US, in September, compared to a level of 55.30 in the previous month. The preliminary figures had recorded a drop to 54.60.
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