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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK average earnings including bonuses rose less than expected in August
In the UK, average earnings including bonus advanced 8.10% on a YoY basis in August, compared to a rise of 8.50% in the previous month. Markets were expecting a rise of 8.30%.
Eurozone ZEW economic sentiment index climbed in October
In the Eurozone, the ZEW economic sentiment index advanced to a level of 2.30 in October, compared to a level of -8.90 in the prior month. Markets were expecting the index to advance to a level of -8.00.
Germany ZEW economic sentiment index advanced more than estimated in October
In Germany, the ZEW economic sentiment index rose to a level of -1.10 in October, compared to a level of -11.40 in the prior month. Markets were expecting the index to advance to a level of -9.30.
US NAHB housing market index unexpectedly dropped in October
In the US, the NAHB housing market index unexpectedly fell to 40.00 in October, compared to a revised level of 44.00 in the prior month.
US retail sales rose more than anticipated in September
In the US, retail sales advanced 0.70% on a monthly basis in September, compared to a revised rise of 0.80% in the previous month. Market expectations were for retail sales to rise 0.30%.
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