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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI declined in November
In the UK, the final services PMI recorded a drop to a level of 49.30 in November. In the previous month, the index had registered a reading of 50.00.
Euro-zone services PMI dropped in November
In the Euro-zone, the final services PMI eased to a level of 51.90 in November, compared to a reading of 52.20 in the prior month. Markets were expecting the index to fall to a level of 51.50.
US services PMI rose in November
In the US, the final services PMI registered a rise to a level of 51.60 in November. In the prior month, the index had recorded a reading of 50.60.
US non-manufacturing PMI dropped in November
In the US, the non-manufacturing PMI recorded a drop to a level of 53.90 in November, compared to a level of 54.70 in the previous month. Markets were expecting the index to drop to a level of 54.50.
BoC keeps its key interest rate unchangedChoose from the most used tags
The Bank of Canada (BoC), at its December monetary policy meeting, kept its benchmark interest rate unchanged at 0.75%, as widely expected. Further, the central bank stated that the inflation consistently continues to remain near its 2.00% target. Moreover, the central bank warned the adverse impact of ongoing global trade disputes could damage the global economic growth.
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