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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices climbed in October
In the UK, the seasonally adjusted house prices registered a rise of 0.20% on a MoM basis in October. In the prior month, house prices had registered a drop of 0.20%.
UK number of mortgage approvals for house purchases rose in September
In the UK, number of mortgage approvals for house purchases recorded a rise to a level of 65.92 K in September, compared to a revised reading of 65.68 K in the previous month.
UK net consumer credit rose less than expected in September
In the UK, net consumer credit recorded a rise of £0.83 billion in September, compared to a revised rise of £0.97 billion in the previous month. Market expectation was for net consumer credit to advance £0.90 billion.
US pending home sales advanced more than expected in September
In the US, pending home sales registered a rise of 1.50% on a MoM basis in September, compared to a revised advance of 1.40% in the prior month. Market expectation was for pending home sales to climb 0.50%.
US consumer confidence index eased in October
In the US, the consumer confidence index fell to a level of 125.90 in October, compared to a revised reading of 126.30 in the prior month.
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