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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
ECB showed no sign of dialling back stimulus
The European Central Bank’s (ECB) January meeting minutes showed that policymakers widely agreed to look through the energy-driven recent upturns in headline inflation and sought patience as they judged that the Euro area economy required a substantial amount of monetary stimulus to bring price growth to target. They also added that this will help offset potential political risks in the Euro-zone and around the world.
Euro-zone new car registrations in EU 28 countries advanced in January
New car registrations in the EU 28 countries in the Euro-zone recorded a rise of 10.20% on a YoY basis, in January. In the prior month, new car registrations in the EU 28 countries had climbed 3.00%.
French ILO unemployment rate fell in 4Q 2016
In France, ILO unemployment rate eased to 10.00% in 4Q 2016, higher than market expectations of a drop to a level of 9.80%. In the previous quarter, ILO unemployment rate had registered a revised reading of 10.10%.
Italian trade surplus dropped in December
Italy has posted (EU countries) trade surplus of €0.12 billion in December, compared to a revised trade surplus of €0.22 billion in the prior month.
Italian trade surplus widened in December
(Non-EU countries) trade surplus in Italy rose to €5.67 billion in December. Italy had reported a trade surplus of €3.97 billion in the previous month.
US initial jobless claims climbed in the last week
The seasonally adjusted initial jobless claims in the US climbed to 239.00 K in the week ended 11 February 2017, lower than market expectations of a rise to a level of 245.00 K. Initial jobless claims had registered a level of 234.00 K in the prior week.
US Philadelphia Fed manufacturing index unexpectedly climbed in February
In February, Philadelphia Fed manufacturing index in the US registered an unexpected rise to a level of 43.30, compared to market expectations of a fall to 18.00. In the prior month, Philadelphia Fed manufacturing index had registered a level of 23.60.
US housing starts slid in January
In January, housing starts in the US fell 2.60%, on MoM basis, to an annual rate of 1246.00 K, higher than market expectations of 1226.00 K. Housing starts had registered a level of 1279.00 K in the previous month.
US continuing jobless claims eased in the last week
In the week ended 04 February 2017, the seasonally adjusted continuing jobless claims dropped to 2076.00 K in the US, compared to a revised reading of 2079.00 K in the previous week. Markets were expecting continuing jobless claims to drop to a level of 2050.00 K.
US building permits advanced in January
Building permits in the US climbed 4.60%, on monthly basis, to an annual rate of 1285.00 K in January, compared to a revised level of 1228.00 K in the previous month. Markets were anticipating building permits to rise to 1230.00 K.
Japanese machine tool orders rose in January
On a YoY basis, the final machine tool orders in Japan recorded a rise of 3.50% in January. In the previous month, machine tool orders had recorded a rise of 4.40%. The preliminary figures had also recorded a rise of 3.50%.
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