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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone inflation rate rose in November
In the Euro-zone, the inflation rate advanced 2.40% on YoY basis in November, compared to a rise of 2.90% in the prior month. Markets were expecting the inflation rate to rise 2.70%.
German unemployment rate unexpectedly rose in November
In Germany, the unemployment rate unexpectedly advanced to 5.90% in November, compared to 5.80% in the previous month.
US initial jobless claims advanced less than forecasted in the week ended 24 November 2023
In the US, initial jobless claims rose to 218.00K in the week ended 24 November 2023, compared to a revised level of 211.00K in the prior week. Markets were expecting initial jobless claims to rise to 220.00K.
US personal income rose as expected in October
In the US, personal income advanced 0.20% on a MoM basis in October, at par with market expectations and compared to a revised rise of 0.40% in the previous month.
US pending home sales fell in October
In the US, pending home sales declined 1.5% on a MoM basis in October, compared to revised rise of 1.0% in the previous month.
US Chicago PMI climbed more than estimated in November
In the US, the Chicago PMI rose to 55.80 in November, compared to a level of 44.00 in the previous month. Markets expecting the PMI to rise to 45.40.
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