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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German Ifo business climate index rose more than anticipated in October
In Germany, the Ifo business climate index advanced to 86.90 in October, compared to a revised level of 85.80 in the prior month. Markets were expecting the index to rise to 85.90.
German Ifo current assessment index unexpectedly advanced in October
In Germany, the Ifo current assessment index unexpectedly rose to 89.20 in October, compared to a level of 88.70 in the previous month.
German Ifo expectations index climbed more than expected in October
In Germany, the Ifo expectations index rose to 84.70 in October, compared to a revised level of 83.10 in the previous month. Markets were expecting the index to rise to 83.30.
US MBA mortgage applications dropped in the week ended 20 October 2023
In the US, the MBA mortgage applications fell 1.00% in the week ended 20 October 2023, compared to a fall of 6.90% in the prior week.
US new home sales rose in September
In the US, new home sales advanced 12.30% on a MoM basis in September, compared to a revised fall of 8.20% in the previous month.
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