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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK S&P Global/CIPS services PMI unexpectedly advanced in October
In the UK, the S&P Global/CIPS services PMI unexpectedly climbed to 49.50 in October, compared to a level of 49.30 in the previous month.
Euro-zone unemployment rate unexpectedly rose in September
In the Euro-zone, the unemployment rate unexpectedly advanced to 6.50% in September, compared to 6.40% in the previous month.
German trade surplus narrowed less than expected in September
In Germany, trade surplus narrowed to €16.50 billion in September, compared to a revised surplus of €17.70 billion in the previous month. Markets were expecting trade surplus to narrow to €16.30 billion.
US nonfarm payrolls rose by less than expected in October
In the US, nonfarm payrolls advanced by 150.00K in October, compared to a revised level of 297.00K jobs in the previous month. Markets were expecting the nonfarm payrolls to rise by 180.00K.
US unemployment rate unexpectedly advanced in October
In the US, the unemployment rate unexpectedly rose to 3.90% in October, compared to 3.80% in the prior month.
US ISM services PMI dropped more than expected in October
In the US, the ISM services PMI fell to 51.80 in October, compared to a level of 53.60 in the previous month. Markets were expecting the PMI to drop to 53.00.
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