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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone GDP rose more than expected in 3Q 2019
In the Euro-zone, the seasonally adjusted preliminary gross domestic product (GDP) rose 0.20% on a QoQ basis in 3Q 2019, higher than market expectations for a rise of 0.10%. In the previous quarter, GDP had registered a similar rise.
Euro-zone unemployment rate remained steady in September
In the Euro-zone, the unemployment rate remained unchanged at a level of 7.50% in September, higher than market expectations of a fall to a level of 7.40%.
US initial jobless claims climbed in the last week
In the US, the seasonally adjusted initial jobless claims rose to a level of 218.00 K in the week ended 26 October 2019, compared to a revised to a level of 213.00 K in the previous week. Markets were anticipating initial jobless claims to advance to a level of 215.00 K.
US Chicago Fed PMI dropped in October
In the US, the Chicago Fed purchasing managers index (PMI) unexpectedly fell to a level of 43.20 in October, compared to a reading of 47.10 in the previous month.
Chinese manufacturing PMI surprisingly rose in October
In China, Caixin/Markit manufacturing PMI index unexpectedly rose to a level of 51.70 in October, compared to market expectations of a fall to a level of 51.00. The index had recorded to a reading of 51.40 in the previous month.
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