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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK number of mortgage approvals for house purchases dropped more than anticipated in October
In the UK, number of mortgage approvals for house purchases recorded a drop to 67.20 K in October, compared to a reading of 72.60 K in the prior month. Markets were anticipating number of mortgage approvals for house purchases to fall to a level of 71.25 K.
Euro-zone economic sentiment indicator dropped as expected in November
In the Euro-zone, the economic sentiment indicator eased to a level of 117.50 in November, in line with market expectations and compared to a level of 118.60 in the prior month.
Euro-zone consumer confidence index dropped as anticipated in November
In the Euro-zone, the final consumer confidence index dropped to a reading of -6.80 in November, in line with market forecast and compared to a level of -4.80 in the prior month.
German CPI climbed more than expected in November
In Germany, the flash consumer price index (CPI) rose 5.20% on a YoY basis in November, compared to a rise of 4.50% in the previous month. Markets were expecting the CPI to record an advance of 5.00%.
US pending home sales rose more than expected in October
In the US, pending home sales registered a rise of 7.50% on a MoM basis in October, compared to a revised fall of 2.40% in the prior month. Markets were expecting pending home sales to record an advance of 1.00%.
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