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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German consumer confidence index unexpectedly rose in December
In Germany, the consumer confidence index recorded an unexpected rise to a level of 9.70 in December, compared to a level of 9.60 in the prior month. Market anticipation was for the index to record a steady reading.
US housing price index rose more than expected in September
In the US, the housing price index registered a rise of 0.60% on a MoM basis in September, more than market expectations for a rise of 0.20%. In the prior month, the index had advanced 0.20%.
US new home sales fell in October
In the US, new home sales recorded a drop to a level of 733.00 K on a MoM basis in October, higher than market expectations of 709.00 K. New home sales had registered a revised reading of 738.00 K in the previous month.
US consumer confidence index declined in November
In the US, the consumer confidence index registered a drop to a level of 125.50 in November. In the prior month, the index had recorded a revised to a level of 126.10.
US advance goods trade deficit dropped in October
In the US, the advance goods trade deficit fell to $66.53 billion in October, following a revised advance goods trade deficit of $70.55 billion in the prior month.
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