The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Italian business confidence index slid unexpectedly in December
The business confidence index in Italy fell unexpectedly to 104.10 in December, lower than market expectations of a steady reading. In the previous month, the business confidence index had registered a revised reading of 104.40.
Italian consumer confidence index registered a drop in December
The consumer confidence index dropped to 117.60 in Italy, in December, higher than market expectations of a drop to a level of 117.00. The consumer confidence index had recorded a reading of 118.40 in the prior month.
Spanish retail sales advanced less than expected in November
The retail sales in Spain advanced 3.30% in November on an annual basis, less than market expectations for a rise of 4.60%. In the previous month, retail sales had risen by a revised 6.00%.
US Redbook index declined in the last week
On a monthly basis, the seasonally adjusted Redbook index eased 0.50% in the US, in the week ended 25 December 2015. In the previous week, the Redbook index had recorded a drop of 0.70%.
US S&P/Case-Shiller home price index climbed in October
The S&P/Case-Shiller home price index recorded a rise to 182.83 in the US, in October, lower than market expectations of an advance to 183.28. The S&P/Case-Shiller home price index had registered a revised level of 182.73 in the previous month.
US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas advanced less than expected in October
The S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas rose 5.54% on a YoY basis in the US, in October, compared to a revised rise of 5.36% in the prior month. Market expectation was for the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas to climb 5.60%.
US CB consumer confidence index climbed in December
The CB consumer confidence index registered a rise to 96.50 in the US, in December, higher than market expectations of a rise to 93.80. The CB consumer confidence index had registered a revised reading of 92.60 in the prior month.
US Redbook index rose in the last week
The Redbook index in the US rose 2.50% on a YoY basis, in the week ended 25 December 2015. In the prior week, the Redbook index had registered a rise of 2.10%.
US S&P/Case-Shiller composite index of 20 metropolitan areas advanced more than expected in October
On a monthly basis in October, the seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas advanced 0.84% in the US, compared to a revised advance of 0.50% in the previous month. Market expectation was for the S&P/Case-Shiller composite index of 20 metropolitan areas to climb 0.60%.
Chinese leading index slid in November
The leading index eased to 98.11 in China, in November. The leading index had registered a revised level of 98.34 in the prior month.
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