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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone PPI advanced less than expected in October
In the Euro-zone, the PPI climbed 30.80% on a YoY basis in October, compared to a rise of 41.90% in the prior month. Markets were expecting the PPI to rise 31.50%.
German trade surplus widened more than anticipated in October
In Germany, trade surplus widened to €6.90 billion in October, compared to a revised surplus of €2.80 billion in the previous month. Markets were anticipating surplus to widen to €5.20 billion.
US nonfarm payrolls rose more than expected in November
In the US, nonfarm payrolls climbed by 263.00 K in November, compared to a revised reading of 284.00 K jobs in the prior month. Market expectations were for nonfarm payrolls to rise by 200.00 K.
US unemployment rate remained unchanged as anticipated in November
In the US, unemployment rate remained unchanged at 3.70% in November, at par with market anticipations.
US average hourly earnings rose more than expected in November
In the US, average hourly earnings rose 0.60% on a MoM basis in November, compared to a revised rise of 0.50% in the previous month. Market expectations were for average hourly earnings to rise 0.30%.
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