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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK unemployment rate remained unchanged
In the UK, unemployment rate remained unchanged at 3.9% in June, compared to a similar rate in the previous month. Markets were expecting the unemployment rate to rise to 4.2%.
UK average earnings including bonus declined in June
In the UK, the average earnings including bonus slid 1.20% on a YoY basis in June, compared to a fall of 0.30% in the previous month. Market expectations were for the average earnings including bonus to drop 1.20%.
Euro-zone economic sentiment index rose in August
In the Euro-zone, the economic sentiment index climbed to a level of 64.00 in August, compared to a reading of 59.60 in the previous month.
German economic sentiment index unexpectedly climbed in August
In Germany, the economic sentiment index unexpectedly climbed to a level of 71.50 in August, compared to a reading of 59.30 in the previous month. Markets were anticipating the economic sentiment index to drop to a level of 58.00.
US small business optimism index dropped in July
In the US, the small business optimism index eased to a level 98.80 in July, compared to a reading of 100.60 in the previous month.
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