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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK S&P Global/CIPS services PMI rose more than expected in December
In the UK, the S&P Global/CIPS services PMI advanced to 53.40 in December, compared to a level of 50.90 in the previous month. Markets were expecting the PMI to rise to 52.70.
Euro-zone HCOB services PMI unexpectedly climbed in December
In the Euro-zone, the HCOB services PMI unexpectedly rose to 48.80 in December, compared to a level of 48.70 in the prior month.
German HCOB services PMI fell less than expected in December
In Germany, the HCOB services PMI dropped to 49.30 in December, compared to a level of 49.60 in the previous month.
US private sector employment rose by more than anticipated in December
In the US, private sector employment advanced by 164.00K in December, compared to a revised level of 103.00K in the previous month. Markets were expecting employment to rise to 115.00K.
US initial jobless claims dropped more than estimated in the week ended 29 December 2023
In the US, initial jobless claims fell to 202.00K in the week ended 29 December 2023, compared to a revised level of 220.00K in the prior month. Markets were expecting jobless claims to drop to 216.00K.
US S&P Global services PMI advanced more than expected in December
In the US, the S&P Global services PMI rose to 51.40 in December, compared to a level of 50.80 in the previous month. Markets were expecting the PMI to rise to 51.30.
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