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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer confidence index eased in October
The GfK consumer confidence index in the UK eased to a level of -10.00 in October, in line with market expectations. The index had recorded a level of -9.00 in the previous month.
Euro-zone GDP advanced less than expected in 3Q 2018
The seasonally adjusted flash gross domestic product (GDP) in the Euro-zone rose 0.20%, on a QoQ basis, in 3Q 2018, compared to an advance of 0.40% in the previous quarter. Markets were anticipating GDP to climb 0.40%.
German CPI advanced more than expected in October
The preliminary consumer price index (CPI) in Germany rose 0.20% on a MoM basis, in October, more than market expectations for a rise of 0.10%. The CPI had risen 0.40% in the previous month.
US CB consumer confidence index eased in October
In the US, the CB consumer confidence index recorded a drop to a level of 137.90 in October, compared to a reading of 138.40 in the previous month. Market anticipation was for the index to drop to a reading of 135.90.
BoJ kept its interest rates steady, trimmed inflation forecast
The Bank of Japan (BoJ), at its latest monetary policy meeting, left its short-term interest rate unchanged at -0.1% by a majority vote of 7-2 and held its asset purchases at an annual pace of ¥80.0 trillion, as expected. However, the central bank slightly lowered its forecast for inflation to 0.9% from 1.1% for the year ending March 2019.
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