Guardian Stockbrokers Key Economic News Monday 19 November 2018

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

UK Rightmove house price index dropped in November

The Rightmove house price index in the UK slid 1.70% on a MoM basis, in November. The index had recorded a rise of 1.00% in the prior month.

Inflation slowdown can change interest rate path: Draghi

The European Central Bank President, Mario Draghi, stated that the central bank could change its interest rates hike policies if borrowing cost rises too far or inflation slows. Meanwhile, he announced that unwinding of the massive bond buying stimulus programme by the year end remains unchanged.

Euro-zone CPI advanced as expected in October

The consumer price index (CPI) in the Euro-zone recorded a rise of 0.20% on a monthly basis, in October, at par with market expectations. In the prior month, the CPI had advanced 0.50%.

US manufacturing production climbed more than expected in October

In the US, manufacturing production rose 0.30% on a MoM basis, in October, more than market expectations for a rise of 0.20%. Manufacturing production had registered a revised similar rise in the previous month.

US industrial production rose less than expected in October

Industrial production in the US registered a rise of 0.10% on a monthly basis, in October, compared to a revised advance of 0.20% in the prior month. Market expectation was for industrial production to advance 0.20%.

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