The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Germany trade surplus narrowed more than expected in August
In Germany, seasonally adjusted trade surplus narrowed to €13.00 billion in August, compared to a revised surplus of €17.70 billion in the prior month. Markets were expecting trade surplus to narrow to €15.80 billion.
Germany current account surplus narrowed more than anticipated in August
In Germany, current account surplus narrowed to €11.80 billion in August, compared to a revised surplus of €17.90 billion in the previous month. Markets were expecting current account surplus to narrow to €13.30 billion.
US nonfarm payrolls rose less than expected in September
In the US, nonfarm payrolls climbed by 194.00 K in September, compared to a revised level of 366.00 K jobs in the prior month. Markets were expecting nonfarm payrolls to rise by 500.00 K jobs.
US average hourly earnings climbed more than expected in September
In the US, average hourly earnings advanced 0.60% on a MoM basis in September, compared to a revised rise of 0.40% in the previous month. Markets were expecting average hourly earnings to record an advance of 0.4%. US unemployment rate fell more than expected in September
US unemployment rate fell more than expected in September
In the US, the unemployment rate dropped to 4.80% in September, compared to a rate of 5.20% in the prior month. Markets were expecting the unemployment rate to drop to 5.10%.
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