Hot Features
Premium
Level up your trading with our powerful tools and real-time insights all in one place.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK housing prices rose more than expected in October
In the UK, house prices advanced 0.70% on a MoM basis in October, compared to a rise of 0.10% in the prior month. Markets were expecting house prices to record a rise of 0.40%.
UK services PMI climbed more than anticipated in October
In the UK, the services PMI rose to 59.10 in October, compared to a level of 55.40 in the previous month. Markets were expecting the services PMI to advance to a level of 58.00.
Euro-zone unemployment rate fell in September
In the Euro-zone, the unemployment rate dropped to 7.40% in September, in line with market expectations and compared to 7.50% in the previous month.
US ISM services PMI advanced more than market forecast in October
In the US, the ISM services PMI rose to 66.70 in October, compared to a reading of 61.90 in the prior month. Markets were expecting the index to rise to a level of 62.00.
Fed kept its key interest rate unchanged, announced taper plans
The US Fed, in its latest monetary policy meeting, kept its benchmark interest rate in a target range of 0.00% to 0.25%, as expected. Further, the Fed announced that it would scale back its monthly bond purchases by $15 billion, citing the substantial further progress the economy has made toward its goals of maximum employment and price stability.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
