The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German Ifo business climate index dropped more than expected in October
In Germany, the Ifo business climate index fell to 97.70 in October, compared to a revised reading of 98.90 in the prior month. Markets were expecting the index to drop to a level of 97.90.
German Ifo current assessment index fell less than anticipated in October
In Germany, the Ifo current assessment index dropped to 100.10 in October, compared to a level of 100.40 in the previous month. Markets were expecting the index to fall to a reading of 99.40.
German Ifo business expectations index declined more than market forecast in October
In Germany, the Ifo business expectations index declined to 95.40 in October, compared to a revised reading of 97.40 in the prior month. Markets were expecting the index to drop to a level of 96.40.
US Dallas Fed manufacturing business index climbed more than expected in October
In the US, the Dallas Fed manufacturing business index jumped to 14.60 in October, compared to a level of 4.60 in the previous month. Markets were expecting the index to rise to a level of 6.80.
US Fed National Activity Index dropped in September
In the US, the Fed National Activity Index fell to a level of -0.13 in September, compared to a revised level of 0.05 in the prior month.
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