The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net borrowing deficit narrowed more than expected in October
In the UK, public sector net borrowing deficit narrowed to £12.73 billion in October, compared to a revised deficit of £16.94 billion in the prior month. Markets were expecting deficit to narrow to £15.38 billion.
Euro-zone current account deficit unexpectedly narrowed in September
In the Euro-zone, current account deficit unexpectedly narrowed to €8.06 billion in September, compared to revised deficit of €26.90 billion in the previous month. Market anticipations were for deficit to widen to €27.20 billion.
Euro-zone consumer confidence index improved in November
In the Euro-zone, the consumer confidence index rose to -23.90 in November, compared to revised reading of -27.50 in the prior month. Markets expectations were for the index to fall to -26.00.
US Richmond Fed manufacturing index rose in November
In the US, the Richmond Fed manufacturing index rose to -9.00 in November, compared to a reading -10.00 in the previous month.
Australia manufacturing PMI declined more than anticipated in November
In Australia, the S&P Global manufacturing PMI fell to 51.50 in November, compared to a reading of 52.70 in the previous month. Markets were anticipating the manufacturing PMI to fall to 52.40.
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