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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house prices unexpectedly dropped in September
In the UK, the Halifax house prices unexpectedly fell 0.10% on a MoM basis in September, compared to a revised rise of 0.30% in the prior month. Markets were expecting house prices to record a rise of 0.50%.
Germany industrial production declined more than anticipated in August
In Germany, industrial production fell 0.80% on a MoM basis in August, compared to a drop of 0.30% in the previous month. Markets were anticipating industrial production to record a fall of 0.50%.
German retail sales dropped more than expected in August
In Germany, retail sales fell 1.30% on a MoM basis in August, compared to a rise of 1.90% in the prior month. Market expectations were for retail sales to fall 1.00%.
US nonfarm payrolls rose more than anticipated in September
In the US, the nonfarm payrolls rose by 263.00 K in September, compared to a reading of 315.00 K in the previous month. Market anticipations were for the nonfarm payrolls to rise by 250.00K.
US unemployment rate dropped in September
In the US, the unemployment rate fell to 3.50% in September, compared to 3.70% in the prior month. Markets were anticipating the unemployment rate to remain unchanged.
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