Guardian Stockbrokers Key Economic News Tuesday 3 October 2023

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

UK Nationwide housing prices remained flat in September

In the UK, the Nationwide housing prices remained flat on a MoM basis in September, compared to a fall of 0.80% in the prior month. Markets were expecting the housing prices to drop to 0.40%.

UK S&P Global/CIPS manufacturing PMI rose more than anticipated in September

In the UK, the S&P Global/CIPS manufacturing PMI advanced to 44.30 in September, compared to a level of 43.00 in the prior month. Markets were expecting the PMI to rise to 44.20.

Euro-zone HCOB manufacturing PMI dropped as expected in September

In the Euro-zone, the HCOB manufacturing PMI fell to 43.40 in September, at par with market expectations and compared to a level of 43.50 in the previous month.

Euro-zone unemployment rate fell as anticipated in August

In the Euro-zone, the unemployment rate declined to 6.40% in August, at par with market expectations and compared to 6.50% in the previous month.

German HCOB manufacturing PMI rose less than expected in September

In Germany, the HCOB manufacturing PMI advanced to 39.60 in September, compared to a level of 39.10 in the prior month. Markets were expecting the PMI to rise to 39.80.

US ISM manufacturing PMI climbed more than anticipated in September

In the US, the ISM manufacturing PMI rose to 49.00 in September, compared to a level of 47.60 in the previous month. Market anticipations were for PMI to rise to 47.80.

Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  ADVFN Deals

• 

  Dan Atkinson

• 

  Rebecca Clinton-Floyed

• 

  John Cadogan