Guardian Stockbrokers Key Economic News Tuesday 18 December 2018
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone CPI fell as expected in November
The consumer price index (CPI) in the Euro-zone dropped 0.20% on a monthly basis, in November, meeting market expectations. In the prior month, the CPI had recorded a rise of 0.20%.
Euro-zone trade surplus unexpectedly narrowed in October
The seasonally adjusted trade surplus in the Euro-zone stood at €12.50 billion in October, compared to a revised trade surplus of €13.00 billion in the previous month. Market anticipation was for a trade surplus of €14.00 billion.
US housing market index slid surprisingly in December
In the US, the NAHB housing market index registered an unexpected drop to a level of 56.00 in December, compared to a level of 60.00 in the previous month. Market expectation was for the to record a steady reading.
US NY Empire State manufacturing index declined in December
In the US, the NY Empire State manufacturing index registered a drop to a level of 10.90 in December, lower than market expectations of a drop to a reading of 20.00. The index had recorded a level of 23.30 in the previous month.
Canadian existing home sales eased in November
Existing home sales in Canada dropped 2.30% on a monthly basis, in November. Existing home sales had registered a drop of 1.60% in the previous month.
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