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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone unemployment rate remained steady in September
The unemployment rate in the Euro-zone remained unchanged at 8.10% in September, at par with market expectations.
Euro-zone CPI rose as expected in October
On an annual basis, the flash consumer price index (CPI) in the Euro-zone registered a rise of 2.20% in October, meeting market expectations. In the previous month, the CPI had registered a rise of 2.10%.
German retail sales rose less than expected in September
In Germany, retail sales advanced 0.10% on a MoM basis in September, less than market expectations for a rise of 0.50%. In the prior month, retail sales had fallen 0.10%.
US Chicago Fed purchasing managers index fell in October
The Chicago Fed purchasing managers index in the US recorded a drop to a level of 58.40 in October, lower than market expectations of a fall to a reading of 60.00. The index had recorded a level of 60.40 in the previous month.
Private sector employment in the US increased in October
In the US, the ADP private sector employment climbed by 227.00 K in October, following a revised gain of 218.00 K in the prior month. Market anticipation was for the private sector employment to advance 187.00 K.
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