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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BRC like for like retail sales jumped in December
In the UK, the BRC like for like retail sales advanced 0.60% YoY basis in December, compared to a rise of 1.80% in the previous month.
Euro-zone investor confidence index unexpectedly rose in January
In the Euro-zone, the investor confidence index advanced to a level of 14.90 in January, compared to a reading of 13.50 in the previous month. Markets were expecting the index to drop to a level of 12.00.
Euro-zone unemployment rate dropped as expected in December
In the Euro-zone, the unemployment rate declined to 7.20% in December, meeting market expectations and compared to a rate of 7.30% in the prior month.
Australia retail sales rose more than expected in November
In Australia, retail sales climbed 7.30% on a MoM basis in November, compared to an advance of 4.90% in the previous month. Markets were expecting retail sales to record a rise of 3.90%.
Australia trade surplus narrowed in November
In Australia, seasonally adjusted trade surplus narrowed to A$9423.00 million in November, compared to a revised surplus of A$10781.00 million in the prior month. Markets were expecting the trade surplus to narrow to A$10600.00 million.
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