Hot Features
Premium
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
BoE Governor says interest rates could be cut to zero
The Bank of England (BoE) Governor, Mark Carney, stated that the central bank might cut interest rates to zero, from the current 0.5% rate, or buy more assets through quantitative easing. Speaking to the Treasury select committee, the UK Governor said that the world economy had entered a period of low growth and the BoE might have to respond with additional stimulus measures but he was firm that the central bank will not drag rates into negative territory. He indicated that negative interest rates could have serious implications on financial services and building societies especially.
German GDP rose as expected in 4Q 2015
The non-seasonally adjusted final gross domestic product (GDP) in Germany advanced 2.10% in 4Q 2015 on a YoY basis, in line with market expectations. In the prior quarter, GDP had registered a revised rise of 1.70%. The preliminary figures had also indicated an advance of 2.10%.
German GDP climbed in 4Q 2015
The working day adjusted final GDP climbed 1.30% on a YoY basis in Germany, in 4Q 2015. GDP had climbed 1.70% in the prior quarter. The preliminary figures had also recorded an advance of 1.30%.
German GDP advanced as expected in 4Q 2015
On a QoQ basis, the seasonally adjusted final GDP climbed 0.30% in Germany, in 4Q 2015, compared to a similar rise in the previous quarter. The preliminary figures had also indicated a rise of 0.30%. Market expectation was for GDP to climb 0.30%.
German private consumption recorded a rise in 4Q 2015
Private consumption climbed 0.30% on a QoQ basis in Germany, in 4Q 2015. Private consumption had advanced 0.60% in the previous quarter.
German domestic demand registered a rise in 4Q 2015
In 4Q 2015, on a QoQ basis, domestic demand in Germany recorded a rise of 0.80%. In the prior quarter, domestic demand had recorded a revised rise of 0.60%.
German imports rose more than expected in 4Q 2015
In 4Q 2015, on a QoQ basis, imports registered a rise of 0.50% in Germany, compared to a rise of 1.10% in the previous quarter. Markets were anticipating imports to climb 0.30%.
German exports fell more than expected in 4Q 2015
Exports fell 0.60% on a QoQ basis in Germany, in 4Q 2015, higher than market expectations for a fall of 0.30%. Exports had advanced by a revised 0.30% in the prior quarter.
German capital investment registered a rise in 4Q 2015
Capital investment recorded a rise of 1.50% in Germany on a quarterly basis, in 4Q 2015. In the previous quarter, capital investment had risen by a revised 0.10%.
German construction investment rose more than expected in 4Q 2015
In 4Q 2015, construction investment registered a rise of 2.20% on a quarterly basis in Germany, more than market expectations for a rise of 0.80%. Construction investment had dropped by a revised 0.20% in the previous quarter.
German government spending advanced less than expected in 4Q 2015
In 4Q 2015, on a QoQ basis, government spending in Germany registered a rise of 1.00%, lower than market expectations for an advance of 1.20%. Government spending had advanced by a revised 0.50% in the prior quarter.
German Ifo business climate index slid in February
The Ifo business climate index eased to 105.70 in Germany, in February, lower than market expectations of a drop to 106.80. The Ifo business climate index had recorded a reading of 107.30 in the prior month.
German Ifo business expectations index slid in February
The Ifo business expectations index in Germany recorded a drop to 98.80 in February, compared to a revised reading of 102.30 in the previous month. Market expectation was for the Ifo business expectations index to fall to 101.60.
German Ifo current assessment index recorded an unexpected rise in February
The Ifo current assessment index registered an unexpected rise to a level of 112.90 in February, in Germany, compared to a level of 112.50 in the previous month. Market expectation was for the Ifo current assessment index to ease to 112.00.
French production outlook indicator recorded a drop in February
Compared to a reading of 2.00 in the prior month the production outlook indicator fell to a level of -4.00 in February, in France.
French industrial business climate index declined surprisingly in February
The industrial business climate index recorded an unexpected drop to 100.00 in France, in February, compared to market expectations of a steady reading. In the previous month, the industrial business climate index had registered a reading of 102.00.
French own-company production outlook climbed in February
Own-company production outlook climbed to 17.00 in February, in France. In the prior month, own-company production outlook had registered a revised reading of 11.00.
US S&P/Case-Shiller composite index of 20 metropolitan areas rose less than expected in December
On a monthly basis in the US, the seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas registered a rise of 0.80% in December, compared to a revised advance of 0.96% in the previous month. Market expectation was for the S&P/Case-Shiller composite index of 20 metropolitan areas to climb 0.85%.
US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas rose less than expected in December
On a YoY basis, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas in the US advanced 5.74% in December, lower than market expectations for a rise of 5.80%. The S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas had registered a revised similar rise in the prior month.
US CB consumer confidence index slid in February
The CB consumer confidence index in the US eased to 92.20 in February, lower than market expectations of a fall to 97.20. The CB consumer confidence index had recorded a revised reading of 97.80 in the prior month.
US S&P/Case-Shiller home price index registered a rise in December
In December, the S&P/Case-Shiller home price index registered a rise to 182.75 in the US, lower than market expectations of an advance to 183.07. The S&P/Case-Shiller home price index had recorded a revised level of 182.71 in the previous month.
US Redbook index registered a rise in the last week
In the US, the Redbook index recorded a rise of 1.20% on a YoY basis, in the week ended 19 February 2016. In the prior week, the Redbook index had climbed 0.90%.
US existing home sales unexpectedly rose in January
In January, existing home sales in the US unexpectedly advanced by 0.40%, on monthly basis, to a level of 5.47 million, compared to market expectations of 5.33 million. Existing home sales had registered a revised level of 5.45 million in the prior month.
US Redbook index slid in the last week
The seasonally adjusted Redbook index in the US fell 2.30% on a MoM basis, in the week ended 19 February 2016. In the prior week, the Redbook index had registered a drop of 2.50%.
US Richmond Fed manufacturing index recorded an unexpected drop in February
In the US, the Richmond Fed manufacturing index fell unexpectedly to -4.00 in February, lower than market expectations of an unchanged reading. In the prior month, the Richmond Fed manufacturing index had recorded a level of 2.00.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
