Hot Features
Premium
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK RICS housing price balance index rose more than forecasted in November
In the UK, the RICS housing price balance index climbed to -43.00 in November, compared to a revised level of -61.00 in the previous month. Markets were expecting the index to rise to -57.00.
UK GDP dropped more than expected in October
In the UK, GDP unexpectedly fell 0.30% on a MoM basis in October, compared to a rise of 0.20% in the previous month. Markets were expecting GDP to drop 0.10%.
UK industrial production fell more than anticipated in October
In the UK, industrial production declined 0.80% on a MoM basis in October, compared to a flat reading in the previous month. Markets were expecting industrial production to drop 0.10%.
UK manufacturing production declined more than estimated in October
In the UK, manufacturing production fell 1.10% on a MoM basis in October, compared to a rise of 0.10% in the prior month. Markets were expecting manufacturing production to remain flat.
US PPI rose less than anticipated in November
In the US, the PPI advanced 0.90% on a YoY basis in November, compared to a revised rise of 1.20% in the previous month. Markets were expecting the index to rise 1.00%.
US Fed kept its key interest rate steady
The US Fed left its key interest rates unchanged at 5.50%, as expected. Moreover, the central bank hinted that it would cut borrowing costs three times in 2024.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
