Guardian Stockbrokers Key Economic News Tuesday 30 November 2021

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

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UK number of mortgage approvals for house purchases dropped more than anticipated in October

In the UK, number of mortgage approvals for house purchases recorded a drop to 67.20 K in October, compared to a reading of 72.60 K in the prior month. Markets were anticipating number of mortgage approvals for house purchases to fall to a level of 71.25 K.

Euro-zone economic sentiment indicator dropped as expected in November

In the Euro-zone, the economic sentiment indicator eased to a level of 117.50 in November, in line with market expectations and compared to a level of 118.60 in the prior month.

Euro-zone consumer confidence index dropped as anticipated in November

In the Euro-zone, the final consumer confidence index dropped to a reading of -6.80 in November, in line with market forecast and compared to a level of -4.80 in the prior month.

German CPI climbed more than expected in November

In Germany, the flash consumer price index (CPI) rose 5.20% on a YoY basis in November, compared to a rise of 4.50% in the previous month. Markets were expecting the CPI to record an advance of 5.00%.

US pending home sales rose more than expected in October

In the US, pending home sales registered a rise of 7.50% on a MoM basis in October, compared to a revised fall of 2.40% in the prior month. Markets were expecting pending home sales to record an advance of 1.00%.

 

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