After reporting U.S. existing home sales at their lowest level in a year in the previous month, the National Association of Realtors released a report on Friday showing an unexpected rebound in existing home sales in the month of September. NAR said existing home sales climbed by 0.7 percent.
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The UK budget posted the smallest budget deficit in a decade for the month of September, suggesting that the borrowing is on the course to undershoot the full-year target. Public sector net borrowing, excluding banks, decreased by GBP 0.7 billion from the previous year to GBP 5.9 billion in September, the Office for National Statistics said Friday.
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Public sector finance from the UK and current account from euro area are due on Friday, headlining a light day for the European economic news.
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For the first time in the last twelve months, the Conference Board released a report on Thursday showing an unexpected drop by its index of leading U.S. economic indicators in the month of September. The Conference Board said its leading economic index dipped by 0.2 percent.
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Philadelphia-area manufacturing activity unexpectedly grew at a faster rate in the month of October, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its index for current manufacturing activity in the region climbed to 27.9 in October.
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A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by much more than anticipated in the week ended October 14th, with claims sliding to their lowest level in over forty years. The report said initial jobless claims dropped to 222,000.
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UK retail sales declined the most in six months in September as high inflation squeezed household spending amid subdued wage growth. Retail sales including auto fuel dropped 0.8 percent month-on-month in September, reversing a 0.9 percent rise in August, figures from the Office for National Statistics revealed Thursday.
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The Bank of Korea's monetary policy board on Thursday voted to keep the nation's benchmark interest rate unchanged at the record low 1.25 percent for the 13th straight month.
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The unemployment rate in Australia was a seasonally adjusted 5.5 percent in September, the Australian Bureau of Statistics said on Thursday.
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Japan posted a merchandise trade surplus of 670.17 billion yen in September, the Ministry of Finance said on Thursday.
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