Guardian Stockbrokers Key Economic News Monday 8 November 2021

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

UK house price index rose more than expected in October

In the UK, the house price index advanced 0.90% on a MoM basis in October, compared to a rise of 1.70% in the prior month. Markets were expecting the index to record a rise of 0.40%.

Euro-zone retail sales unexpectedly fell in September

In the Euro-zone, retail sales unexpectedly dropped 0.30% on a MoM basis in September, compared to a revised rise of 1.00% in the previous month. Markets were expecting retail sales to record a rise of 0.20%.

German industrial production unexpectedly dropped in September

In Germany, seasonally adjusted industrial production unexpectedly fell 1.10% on a MoM basis in September, compared to a drop of 4.00% in the prior month. Markets were expecting industrial production to record a rise of 1.00%.

US nonfarm payrolls climbed more than expected in October

In the US, the nonfarm payrolls advanced by 531.00 k in October, compared to a revised rise of 312.00 K jobs in the previous month. Markets were expecting nonfarm payrolls to record a rise of 425.00 K.

US unemployment rate fell more than market forecast in October

In the US, the unemployment rate dropped to 4.60% in October, compared to a 4.80% in the prior month. Markets were expecting the unemployment rate to drop to 4.70%.

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