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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices unexpectedly dropped in August
In the UK, the seasonally adjusted house prices unexpectedly dropped 0.50% on a MoM basis in August, compared to a rise of 0.60% in the prior month. Markets were anticipating house prices to climb 0.10%.
Euro-zone CPI advanced less than expected in August
The flash consumer price index (CPI) in the Euro-zone climbed 2.00% in August, on a YoY basis, compared to a rise of 2.10% in the prior month. Markets were anticipating the CPI to climb 2.10%.
Euro-zone unemployment rate remained unchanged in July
In the Euro-zone, the unemployment rate remained steady at a level of 8.20% in July, in line with market expectations.
German retail sales dropped more than expected in July
In Germany, retail sales registered a drop of 0.40% in July, on a MoM basis, higher than market expectations for a fall of 0.20%. In the prior month, retail sales had risen 1.20%.
US Reuters/Michigan consumer sentiment index dropped in August
In the US, the final Reuters/Michigan consumer sentiment index fell to a level of 96.20 in August, compared to a reading of 97.90 in the previous month. Market anticipation was for the index to ease to a reading of 95.50.
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