Guardian Stockbrokers Key Economic News Thursday 2 January 2020

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

US housing price index rose less than expected in October

In the US, the housing price index registered a rise of 0.20% on a MoM basis in October, compared to a revised advance of 0.70% in the previous month. Markets were anticipating the index to climb 0.30%.

US consumer confidence index dropped in December

In the US, the consumer confidence index recorded a drop to a level of 126.50 in December. The index had recorded to a revised reading of 126.80 in the prior month.

Chinese manufacturing PMI index dropped in December

In China, the Caixin/Markit manufacturing PMI index fell to a level of 51.50 in December, compared to market expectations of a drop to a level of 51.70. In the prior month, index had registered to a level of 51.80.

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