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

Euro-zone trade surplus narrowed in October
The non-seasonally adjusted trade surplus in the Euro-zone dropped to €18.90 billion in October, compared to a trade surplus of €26.40 billion in the prior month.
Euro-zone trade surplus fell in October
The seasonally adjusted trade surplus in the Euro-zone fell to €19.00 billion in October, compared to a revised trade surplus of €24.50 billion in the previous month. Market expectation was for the region to record a trade surplus of €24.30 billion.
US industrial production advanced less than expected in November
On a MoM basis in the US, industrial production advanced 0.20% in November, compared to a revised advance of 1.20% in the prior month. Markets were expecting industrial production to climb 0.30%.
US total net TIC flows advanced in October
In the US, total net TIC flows recorded a rise to $151.15 billion in October, compared to a revised level of $42.64 billion in the previous month.
US manufacturing production advanced less than expected in November
In November, manufacturing production in the US registered a rise of 0.20% on a MoM basis, less than market expectations for an advance of 0.30%. Manufacturing production had risen by a revised 1.40% in the prior month.
US NY Empire State manufacturing index dropped in December
In the US, the NY Empire State manufacturing index eased to 18.00 in December, compared to market expectations of a fall to 18.70. In the prior month, the NY Empire State manufacturing index had registered a level of 19.40.
US net treasury international capital (TIC) long term purchases slid in October
In the US, net treasury international capital (TIC) long term purchases eased to $23.24 billion in October. In the previous month, net treasury international capital (TIC) long term purchases had registered a level of $80.91 billion.
US capacity utilisation rose in November
In November, capacity utilisation advanced to 77.10% in the US, lower than market expectations of an advance to 77.20%. In the previous month, capacity utilisation had registered a reading of 77.00%.
Canadian manufacturing shipments surprisingly eased in October
In Canada, manufacturing shipments unexpectedly dropped 0.40% on a monthly basis in October, compared to market expectations for an advance of 1.00%. In the previous month, manufacturing shipments had climbed by a revised 0.40%.
Japanese merchandise (total) trade surplus dropped in November
Merchandise (total) trade surplus in Japan dropped to ¥113.40 billion in November, from a merchandise (total) trade surplus of ¥285.40 billion in the prior month. Markets were expecting the nation to record a merchandise (total) trade deficit of ¥40.00 billion.
Japanese exports advanced more than expected in November
Exports registered a rise of 16.20% in Japan, on an annual basis in November, more than market expectations for a rise of 14.70%. In the previous month, exports had risen 14.00%.
Japanese adjusted merchandise trade surplus rose in November
Japan has posted adjusted merchandise trade surplus of ¥364.10 billion in November, compared to a revised adjusted merchandise trade surplus of ¥349.30 billion in the prior month. Market anticipation was for a adjusted merchandise trade surplus of ¥265.00 billion.
Japanese imports rose less than expected in November
On a YoY basis, imports registered a rise of 17.20% in Japan, in November, compared to a rise of 18.90% in the previous month. Market expectation was for imports to advance 18.00%.
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