Fed tapers monthly asset purchases by 10bn dollars; Markets rise, Wall Street hits record high; Annual growth of UK retail sales misses estimates. Read More
Market overview: US jobless claims rise unexpectedly
Thursday 19 Dec 2013
1330: US jobless claims climbed by 10,000 to 379,000 in the week ended December 14th, the most since the end of March, Labor Department data showed. Economists had called for a decrease to 336,000.
1220: UK car production rose 4.5 per cent to 1.42m units in the first 11 months of the year, according to a report from the Society of Motor Manufacturers and Traders (SMMT). SMMT said manufacturing output was on track to hit a six-year high of more than 1.5m vehicles in 2013, driven by new models coming onto the market such as the third-generation Mini.
1100: UK retail sales last month rose by a modest 0.3 per cent against October, in line with forecasts. Clothing shoppers drove the increase as people sought warmer outfits in the colder weather, but it was offset by lower spending in department stores, according to the Office for National Statistics. The amount spent in the retail industry during the month increased by 2.7 per cent compared with November 2012, but by just 0.2 per cent compared with October 2013.
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