Guardian Stockbrokers Key Economic News Thursday 29 December 2022

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

US pending home sales unexpectedly dropped in November

In the US, pending home sales fell 4.00% on a MoM basis in November, compared to a drop of 4.60% in the prior month. Markets were expecting pending home sales to rise 0.60%.

US Richmond Fed manufacturing index rose more than anticipated in December

In the US, the Richmond Fed manufacturing index advanced to 1.00 in December, compared to a level of -9.00 in the prior month. Market anticipations were for the index to rise to -4.00.

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