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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone current account surplus fell in September
The seasonally adjusted current account surplus in the Euro-zone narrowed to a level of €16.90 billion in September. The Euro-zone had registered a revised current account surplus of €24.30 billion in the previous month.
Euro-zone construction output rose in September
The seasonally adjusted construction output in the Euro-zone recorded a rise of 2.00% on a MoM basis, in September. In the previous month, construction output had recorded a revised drop of 0.60%.
US housing market index fell in November
The housing market index in the US registered a drop to a level of 60.00 in November, lower than market expectations of a drop to a level of 67.00. The index had recorded a reading of 68.00 in the previous month.
RBA minutes: Officials upbeat on economy, but see no strong case for near term rate hike
The minutes of the Reserve Bank of Australia’s (RBA) November monetary policy meeting showed that policymakers are in no rush for a near-term move in monetary policy but expects inflation and wage growth to rise at a gradual pace. However, the minutes indicated that next move in interest rates was more likely to be up, as officials noted “more pronounced decline” in the nation’s unemployment in the near term.
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