Hot Features
Premium
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices advanced more than expected in August
In the UK, the seasonally adjusted house prices rose 2.00% on a MoM basis in August, more than market expectations for an advance of 0.50%. In the prior month, house prices had recorded a revised rise of 1.80%
Euro-zone PPI dropped less than expected in July
In the Euro-zone, the producer price index (PPI) in Eurozone slid 3.30% in July on an annual basis, compared to a fall of 3.70% in the previous month. Market expectations were for the PPI to fall 3.40%.
German retail sales unexpectedly fell in July
In Germany, retail sales eased 0.90% on a MoM basis in July, compared to a revised fall of 1.90% in the previous month. Market anticipations were for retail sales to climb 0.50%.
Fed’s Beige Book: US economy growing at a generally modest pace
According to the US Federal Reserve’s (Fed) latest Beige Book report, the US economic growth was generally modest and uneven due to increasing coronavirus cases in the country. However, business activity and employment increased overall among districts, but activity remained well below levels prior to the Covid-19 pandemic.
US private sector employment advanced less than expected in August
In the US, the private sector employment climbed by 428.00K in August, compared to a revised increase of 212.00K in the previous month.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
