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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
BoE’s Carney signalled at Brexit risks
The BoE Governor, Mark Carney, acknowledged that current Brexit process has negatively affected on the UK economy. Also, he warned that no-deal Brexit might result into a slump in the housing market by 35.0% in three years.
UK Rightmove house price index rose in September
The UK Rightmove house price index rose 0.70% on a MoM basis, in September. In the previous month, the index had dropped 2.30%.
Euro-zone trade surplus narrowed in July
In July, the seasonally adjusted trade surplus in the Euro-zone dropped to €12.80 billion, compared to market expectations of a surplus of €16.20 billion. The Euro-zone had posted a revised surplus of €16.50 billion in the previous month.
US Reuters/Michigan consumer sentiment index rose in September
In the US, the preliminary Reuters/Michigan consumer sentiment index registered a rise to a level of 100.80 in September, higher than market expectations of a rise to a level of 96.60. The index had registered a reading of 96.20 in the previous month.
US advance retail sales advanced less than expected in August
In the US, advance retail sales advanced 0.10% on a MoM basis, in August, less than market expectations for an advance of 0.40%. Advance retail sales had climbed by a revised 0.70% in the previous month.
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