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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices rose more than expected in November
The seasonally adjusted house prices in the UK rose 0.30% on a MoM basis, in November, compared to a flat reading in the prior month. Markets were expecting house prices to rise 0.10%.
Euro-zone CPI advanced as expected in November
The flash consumer price index (CPI) rose 2.00% in the Euro-zone, on a YoY basis, in November, in line with market expectations. In the previous month, the CPI had risen 2.20%.
Euro-zone unemployment rate steadied in October
In the Euro-zone, the unemployment rate remained unchanged at 8.10% in October. Markets were expecting the unemployment rate to drop to 8.00%.
German retail sales unexpectedly slid in October
Retail sales in Germany unexpectedly eased 0.30% on a MoM basis, in October, less than market expectations for an advance of 0.40%. Retail sales had registered a revised similar fall in the prior month.
US Chicago Fed PMI advanced in November
In the US, the Chicago Fed PMI recorded a rise to a level of 66.40 in November, compared to market expectations of an advance to a reading of 58.50. In the previous month, the index had recorded a level of 58.40.
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