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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house prices rose more than forecasted in October
In the UK, the Halifax house prices advanced 1.10% on a MoM basis in October, compared to a revised drop of 0.30% in the previous month. Markets were expecting the Halifax house prices to rise 0.20%.
Euro-zone PPI fell less than expected in September
In the Euro-zone, the PPI dropped 12.40% on a YoY basis in September, compared to a drop of 11.50% in the prior month. Market anticipations were for the PPI to fall 12.50%.
German industrial production dropped more than anticipated in September
In Germany, industrial production fell 1.40% on a MoM basis in September, compared to a revised fall of 0.10% in the previous month. Markets were expecting industrial production to drop 0.10%.
US goods and services trade deficit widened more than estimated in September
In the US, goods and services trade deficit widened to $61.50 billion in September, compared to a revised deficit of $58.70 billion in the prior month. Markets were expecting trade deficit to widen to $59.90 billion.
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