The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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Euro-zone investor confidence index dropped more than expected in October
In the Euro-zone, the investor confidence index fell to 16.90 in October, compared to a revised reading of 19.60 in the previous month. Markets were expecting the index to fall to 19.00.
US factory orders climbed more than expected in August
In the US, factory orders advanced 1.20% on a MoM basis in August, compared to a revised rise of 0.70% in the prior month. Markets were expecting factory orders to record an advance of 0.90%.
RBA kept its interest rate steady
The Reserve Bank of Australia (RBA) maintained its interest rate unchanged at 0.10%, as widely expected.
Australia’s trade surplus widened in August
In Australia, trade surplus widened to A$15.1 billion in August, compared to a revised surplus of A$12.7 billion in the prior month. Markets were expecting a trade surplus of A$10.3 billion.
Japan’s CPI rose in September
In Japan, the CPI advanced 0.3% on a YoY basis in September, compared to a drop of 0.4% in the previous month.
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