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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI dropped less than expected in September
In the UK, the final services PMI fell to a level of 56.10 in September, compared to a level of 58.80 in the previous month. Market anticipations were for the services PMI to fall to a level of 55.10.
Euro-zone investor confidence index declined in October
In the Euro-zone, the investor confidence index recorded a drop to -8.30 in October, compared to a reading of -8.00 in the previous month.
Euro-zone services PMI dropped less than anticipated in September
In the Euro-zone, the final services PMI declined to a level of 48.00 in September, compared to a reading of 50.50 in the previous month. Market anticipations were for services PMI to ease to 47.60.
German services PMI dropped in September
In Germany, the final services PMI registered a drop to 50.60 in September, compared to a reading of 52.50 in the prior month. Markets were anticipating services PMI to drop to a level of 49.10.
US ISM services index unexpectedly advanced in September
In the US, the ISM services index unexpectedly climbed to a level of 57.80 in September, compared to a reading of 56.90 in the previous month. Markets were expecting the ISM services index to record a fall to a level of 56.30.
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