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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI dropped more than expected in November
In the UK, the final services PMI registered a drop to 58.50 in November, compared to a drop to 59.10 in the previous month. Markets were expecting the services PMI to drop to 58.60.
Euro-zone services PMI advanced less than anticipated in November
In the Euro-zone, the final services PMI rose to a level of 55.90 in November, compared to a reading of 54.60 in the prior month. Markets were expecting the services PMI to record an advance to 56.60.
German services PMI rose less than expected in November
In Germany, the final services PMI registered a rise to 52.70 in November, compared to a reading of 52.40 in the previous month. Markets were expecting the services PMI to advance to 53.40.
US ISM services PMI unexpectedly climbed in November
In the US, the services PMI climbed to 69.10 in November, compared to a level of 66.70 in the prior month. Markets were expecting the services PMI to fall to 65.00.
US nonfarm payrolls advanced less than expected in November
In the US, nonfarm payrolls rose by 210.00 K in November, compared to a revised reading of 546.00 K jobs in the previous month. Markets were expecting the nonfarm payrolls to record a rise to a level of 550.00 K jobs.
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