Hot Features
Premium
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI surprisingly slid in December
In the UK, the flash services PMI unexpectedly dropped to a level of 49.00 in December. In the prior month, the services PMI had registered to a reading of 49.30.
UK manufacturing PMI unexpectedly dropped in December
In the UK, the flash manufacturing PMI unexpectedly dropped to a level of 47.40 in December, compared to a reading of 48.90 in the prior month. Markets were expecting the manufacturing PMI to rise to a level of 49.40.
Euro-zone manufacturing PMI unexpectedly dropped in December
In the Euro-zone, the flash manufacturing PMI unexpectedly eased to a level of 45.90 in December, compared to a reading of 46.90 in the prior month. Market expectation was for the manufacturing PMI to climb to a level of 47.10.
Euro-zone services PMI climbed in December
In the Euro-zone, the preliminary services PMI recorded a rise to a level of 52.40 in December, compared to a level of 51.90 in the prior month. Markets were expecting services PMI to advance to a level of 52.00.
US housing market index surprisingly rose in December
In the US, the housing market index advanced unexpectedly to a level of 76.00 in December, compared to a revised level of 71.00 in the prior month. Market anticipation was for the index to drop to a level of 70.00.
US Markit manufacturing PMI declined in December
In the US, the preliminary Markit manufacturing PMI registered a drop to a level of 52.50 in December, compared to a level of 52.60 in the prior month. Market anticipation was for the Markit manufacturing PMI to fall to a level of 52.40.
US Markit services PMI unexpectedly rose in December
In the US, the preliminary Markit services PMI unexpectedly climbed to a level of 52.20 in December, compared to a level of 51.60 in the previous month. Markets were anticipating Markit services PMI to drop to a level of 51.40.
RBA Minutes: Policymakers consider further easing of monetary policy
Minutes of the Reserve Bank of Australia’s (RBA) December meeting indicated that policymakers consider reassessing its economic outlook in February 2020 in order to decide further necessary measures accordingly. Moreover, the central bank expressed concerns that enhanced borrowing could prove to be an obstacle in its plan to exceed wages growth.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
