Guardian Stockbrokers Key Economic News Friday 20 November 2020

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

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Euro-zone construction output fell in September

In the Euro-zone, seasonally adjusted construction output fell 2.90% on a MoM basis in September, compared to a revised rise of 3.90% in the prior month.

Euro-zone current account surplus widened in September

In the Euro-zone, non-seasonally adjusted current account surplus expanded to €33.50 billion in September, compared to a revised surplus of €20.40 billion in the previous month.

US leading indicator advanced as expected in October

In the US, leading indicator climbed 0.70% on a MoM basis in October, at par with market expectations and compared to a rise of 0.70% in the previous month.

US Philadelphia Fed manufacturing index dropped less than expected in November

In the US, the Philadelphia Fed manufacturing index dropped to a level of 26.30 in November, compared to a reading of 32.30 in the previous month. Market anticipations were for the manufacturing index to drop to 22.00.

US number of initial jobless claims unexpectedly advanced in the week ended 14 November 2020

In the US, seasonally adjusted number of initial jobless claims recorded an unexpected rise to a level of 742.00 K in the week ended 13 November 2020, compared to a revised level of 711.00 K in the prior week. Markets were expecting the number of initial jobless claims to ease to a level of 707.00 K.

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