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Guardian Stockbrokers Key Economic News Monday 10 September 2018

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK Halifax house price index advanced as expected in August

In the UK, the Halifax house price index registered a rise of 0.10% in August on a MoM basis, compared to a revised advance of 1.20% in the prior month. Market anticipation was for the index to rise 0.10%.

Euro-zone GDP rose as expected in 2Q 2018

The Euro-zone’s seasonally adjusted final gross domestic product (GDP) recorded a rise of 0.40% on a QoQ basis, in 2Q 2018, compared to a revised rise of 0.30% in the previous quarter. Markets were expecting GDP to advance 0.40%.

German industrial production unexpectedly fell in July

In Germany, the seasonally adjusted industrial production unexpectedly fell 1.10% on a MoM basis in July, less than market expectations for a rise of 0.20%. In the previous month, industrial production had recorded a revised drop of 0.70%.

German trade surplus dropped in July

The seasonally adjusted trade surplus in Germany narrowed to €16.50 billion in July, compared to a surplus of €21.80 billion in the prior month. Market expectation was for the nation to register a surplus of €19.50 billion.

Non-farm payrolls in the US rose in August

The US non-farm payrolls rose by 157.00 K in August, lower than market anticipations of an advance of 190.00 K. Non-farm payrolls had recorded a revised increase of 147.00 K in the prior month.

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