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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Rightmove house price index slid in August
In the UK, the Rightmove house price index registered a drop of 1.00% on a MoM basis in August. In the prior month, the index had fallen 0.20%.
Euro-zone trade surplus fell in June
In the Euro-zone, the seasonally adjusted trade surplus dropped to €17.90 billion In June, following a revised trade surplus of €19.60 billion in the previous month. Market anticipation was for the region to record a trade surplus of €18.50 billion.
US housing starts unexpectedly eased in July
In the US, housing starts unexpectedly dropped by 4.00% to an annual rate of 1191.00 K on a MoM basis in July, lower than market expectations of 1256.00 K. Housing starts had registered a revised level of 1241.00 K in the previous month.
US building permits rose in July
In the US, building permits advanced 8.40% to an annual rate of 1336.00 K on a MoM basis in July, higher than market expectations of 1270.00 K. In the prior month, building permits had recorded a revised level of 1232.00 K.
US consumer sentiment index declined in August
In the US, the preliminary consumer sentiment index recorded a drop to a level of 92.10 in August, compared to a reading of 98.40 in the previous month. Market anticipation was for the index to drop to a level of 97.00.
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