The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Rightmove house price index climbed in October
In the UK, the Rightmove house price index registered a rise of 1.00% on a MoM basis, in October. In the prior month, the index had registered a rise of 0.70%.
Euro-zone industrial production advanced more than expected in August
In the Euro-zone, the seasonally adjusted industrial production recorded a rise of 1.00% in August, on a monthly basis, higher than market expectations for a rise of 0.50%. In the prior month, industrial production had fallen by a revised 0.70%.
German CPI advanced as expected in September
On a MoM basis, in Germany, the final consumer price index (CPI) rose 0.40% in September, in line with market expectations. In the prior month, the CPI had recorded a rise of 0.10%.
US Reuters/Michigan consumer sentiment index surprisingly dropped in October
In the US, the flash Reuters/Michigan consumer sentiment index registered an unexpected drop to a level of 99.00 in October, compared to a reading of 100.10 in the previous month. Markets were anticipating the index to rise to a level of 100.50.
US import price index rose more than expected in September
The US import price index rose 3.50% on an annual basis in September, higher than market expectations for a rise of 3.10%. In the prior month, the index had advanced 3.70%.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.