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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Rightmove house price index eased in December
In the UK, the Rightmove house price index fell 0.90% on a MoM basis in December. In the prior month, the index had fallen 1.30%.
US advance retail sales advanced less than expected in November
In the US, advance retail sales advanced 0.20% on a MoM basis in November, lower than market expectations for an advance of 0.50%. In the previous month, advance retail sales had registered a revised rise of 0.40%.
Chinese industrial production rose more than expected in November
In China, industrial production advanced 6.20% on a YoY basis in November, compared to an advance of 4.70% in the previous month. Market anticipation was for industrial production to advance 5.00%.
Chinese retail sales climbed in November
In China, retail sales (YTD) climbed 8.00% on a YoY basis in November, compared to a rise of 8.10% in the prior month.
Japanese tertiary industry index unexpectedly slid in October
In Japan, the tertiary industry index recorded an unexpected drop of 4.60% on a MoM basis in October, compared to a revised rise of 2.30% in the prior month. Markets were expecting the index to climb 0.70%
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