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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices rose more than expected in October
In the UK, seasonally adjusted house prices recorded a rise of 0.80% on a MoM basis in October, compared to an advance of 0.90% in the prior month. Market anticipations were for house prices to advance 0.40%.
Euro-zone GDP advanced more than expected in 3Q 2020
In the Euro-zone, seasonally adjusted gross domestic product (GDP) registered a climb of 12.70% on a QoQ basis in 3Q 2020, compared to a drop of 11.80% in the prior quarter. Markets were expecting GDP to record an advance of 9.40%.
Euro-zone CPI declined as expected in October
In the Eurozone, the flash consumer price index (CPI) registered a drop of 0.30% on a YoY basis in October, as expected and compared to a similar drop in the prior month.
German GDP climbed more than expected in 3Q 2020
In Germany, the flash GDP registered a rise of 8.20% on a QoQ basis in 3Q 2020, compared to a fall of 9.80% in the previous quarter. Markets were expecting GDP to rise 7.30%.
US consumer sentiment index advanced more than expected in October
In the US, the final consumer sentiment index recorded a rise to a level of 81.80 in October, compared to a level of 80.40 in the previous month. Markets were expecting the index to record an advance to a level of 81.20.
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