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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK number of mortgage approvals for house purchases unexpectedly climbed in October
In the UK, the number of mortgage approvals for house purchases unexpectedly advanced to a level of 97.50 K in October, compared to a revised reading of 92.10 K in the prior month. Markets were expecting the number of mortgage approvals to record a fall to 84.49 K.
UK net consumer credit dropped in October
In the UK, net consumer credit dropped by £0.60 billion in October, compared to a similar drop in the previous month.
German CPI declined more than expected in November
In Germany, the preliminary consumer price index (CPI) fell 0.30% on a YoY basis in November, compared to a drop of 0.20% in the previous month. Markets were expecting the CPI to record a drop of 0.10%.
US pending home sales unexpectedly dropped in October
In the US, pending home sales fell 1.10% on a MoM basis in October, compared to a revised drop of 2.00% in the previous month. Markets were pending home sales to record a rise of 1.00%.
US Dallas Fed manufacturing business index dropped less than expected in November
In the US, the Dallas Fed manufacturing business index eased to a reading of 12.00 in November, compared to a level of 19.80 in the previous month.
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