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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net borrowing deficit unexpectedly widened in November
In the UK, public sector net borrowing deficit unexpectedly widened to £21.20 billion in November, compared to a deficit of £13.37 billion in the prior month. Markets were expecting the deficit to narrow to £8.06 billion.
German GfK consumer confidence index advanced more than anticipated in January
In Germany, the GfK consumer confidence index climbed to -37.80 in January, compared to a reading of 40.10 in the previous month.
Market anticipations were for the index to rise to -38.00.
US MBA mortgage applications rose in the week ended 16 December 2022
In the US, the MBA mortgage applications rose 0.90% in the week ended 16 December 2022, compared to a rise of 3.20% in the prior week.
US existing home sales dropped more than expected in November
In the US, existing home sales fell 7.70% on a MoM basis in November, compared to a drop of 5.90% in the previous month. Markets were expecting existing home sales to record a flat reading.
US consumer confidence index unexpectedly advanced in December
In the US, the consumer confidence index unexpectedly climbed to 108.30 in December, compared to a reading of 101.40 in the previous month. Market anticipations were for the index to fall to 101.0
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