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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
US goods trade deficit narrowed in November
In the US, goods trade deficit narrowed to $83.30 billion in November, compared to a deficit of $98.80 billion in the prior month.
US housing price index unexpectedly recorded a flat reading in October
In the US, the housing price index remained flat on a MoM basis in October, compared to a rise of 0.10% in the previous month. Market expectations were for index to rise 0.80%.
US Dallas Fed manufacturing business index dropped in December
In the US, the Dallas Fed manufacturing business index fell to -18.80 in December, compared to a reading of -14.40 in the prior month.
US Michigan consumer sentiment index advanced more than expected in December
In the US, the Michigan consumer sentiment index climbed to 59.70 in December, compared to a reading of 56.80 in the prior month. Markets were expecting the index to rise to 59.10.
US new homes sales unexpectedly climbed in November
In the US, new home sales unexpectedly rose 5.80% on a MoM basis in November, compared to a rise of 8.20% in the previous month. Market expectations were for new homes sale to drop 4.70%.
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