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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales dropped more than expected in December
In the UK, retail sales declined 3.70% on a MoM basis in December, compared to a revised rise of 1.00% in the previous month. Market were expecting retail sales to fall by 0.60%.
Euro-zone consumer confidence fell less than expected in January
In the Euro-zone, the consumer confidence index dropped to -8.50 in January, less than market expectations and compared to a revised reading of -8.40 in the prior month.
US leading index climbed as expected in December
In the US, the leading economic index rose 0.80% on a MoM basis in December, in line with market expectations and compared to a rise of 1.10% in the prior month.
Japanese manufacturing PMI climbed in January
In Japan, the manufacturing PMI rose to 54.60 in January, compared to a level of 54.30 in the previous month.
Australia manufacturing PMI declined in January
In Australia, the manufacturing PMI fell to a reading of 55.30 in January, compared to a revised reading of 57.70 in December.
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