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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house price index unexpectedly fell in December
In the UK, the Halifax house price index unexpectedly dropped 1.50% on a MoM basis in December, compared to a revised drop of 2.40% in the prior month.
Euro-zone retail sales rose more than expected in December
In the Euro-zone, retail sales rose 0.80% on a MoM basis in December, compared to a revised fall of 1.50% in the previous month. Market expectations were for retail sales to rise 0.50%.
German factory orders dropped more than anticipated in November
In Germany, factory orders fell 5.30% on a MoM basis in November, compared to a revised rise of 0.60% in the prior month. Market anticipations were for factory orders to fall 0.50%.
US nonfarm payrolls advanced more than expected in December
In the US, the nonfarm payrolls rose by 223.00K in December, compared to 256.00K jobs in the prior month. Markets were expecting the nonfarm payrolls to rise by 200.00K.
US unemployment rate unexpectedly dropped in December
In the US, the unemployment rate unexpectedly fell to 3.50% in December, compared to a revised rate of 3.60% in the previous month.
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