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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CPI climbed less than expected in September
In the UK, the CPI advanced 3.10% on a YoY basis in September, compared to a rise of 3.20% in the previous month. Markets were expecting the CPI to record a rise of 3.20%.
UK house price index climbed in August
In the UK, the house price index recorded a rise of 10.60% on a YoY basis in August, compared to a revised rise of 8.50% in the prior month.
Euro-zone CPI climbed as expected in September
In the Euro-zone, the final CPI advanced 3.40% on a YoY basis in September, at par with market expectations and compared to a rise of 3.00% in the previous month.
Euro-zone current account surplus narrowed in August
In the Euro-zone, seasonally adjusted current account surplus narrowed to €13.40 billion in August, compared to a revised surplus of €22.60 billion in the prior month.
Fed’s Beige Book: US economy grew at a ‘modest to moderate’ pace
According to the US Federal Reserve’s (Fed) latest Beige Book report, the US economy grew at a modest to moderate rate in September and early October. Meanwhile, most districts reported significantly elevated prices, fuelled by rising demand for goods and raw materials. On the outlook front, the overall outlook for near-term economic activity remained positive, but some districts reported a rise in uncertainty and more cautious optimism than in previous months.
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