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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
ECB left monetary policy on hold
The European Central Bank (ECB) left interest rate and deposit facility rates unchanged, in line with market expectations. Further, the central bank pledged to keep its aggressive stimulus policy in place at least until the end of the year, but signalled a diminishing urgency for more policy action in the Euro-zone.
French non-farm payrolls advanced as expected in 4Q 2016
The final non-farm payrolls recorded a rise of 0.40% on a QoQ basis in France, in 4Q 2016, compared to an advance of 0.30% in the prior quarter. The preliminary figures had also recorded an advance of 0.40%. Market expectation was for non-farm payrolls to advance 0.40%.
French business sentiment index climbed unexpectedly in February
The business sentiment index registered an unexpected rise to 104.00 in France, in February, higher than market expectations of a steady reading. The business sentiment index had recorded a revised level of 102.00 in the previous month.
Swiss unemployment rate remained unchanged in February
In February, the seasonally adjusted unemployment rate remained steady at a level of 3.30% in Switzerland, at par with market expectations.
Swiss unemployment rate declined in February
The non-seasonally adjusted unemployment rate fell to a level of 3.60% in February, in Switzerland, meeting market expectations. In the previous month, unemployment rate had recorded a level of 3.70%.
US household wealth rose in 4Q 2016
In the US, household wealth rose $2043.00 billion, in 4Q 2016. Household wealth had risen by a revised $2054.00 billion in the prior quarter.
US export price index advanced in February
On a MoM basis, the export price index climbed 0.30% in the US, in February. The export price index had risen by a revised 0.20% in the prior month.
US continuing jobless claims dropped in the last week
In the week ended 25 February 2017, the seasonally adjusted continuing jobless claims in the US recorded a drop to 2058.00 K, compared to a revised level of 2064.00 K in the previous week. Market anticipation was for continuing jobless claims to drop to a level of 2062.00 K.
US import price index rose more than expected in February
In the US, the import price index climbed 4.60% on a YoY basis in February, compared to a revised advance of 3.80% in the prior month. Markets were expecting the import price index to climb 4.40%.
US import price index advanced more than expected in February
In February, on a monthly basis, the import price index advanced 0.20% in the US, higher than market expectations for an advance of 0.10%. The import price index had registered a revised rise of 0.60% in the prior month.
US initial jobless claims rose in the last week
The seasonally adjusted initial jobless claims advanced to 243.00 K in the US, in the week ended 04 March 2017, higher than market expectations of an advance to 238.00 K. In the previous week, initial jobless claims had registered a level of 223.00 K.
US number of planned layoffs by US companies declined in February
The number of planned layoffs by US companies dropped 40.00% on an annual basis in the US, in February. The number of planned layoffs by US companies had dropped 38.80% in the previous month.
US export price index rose in February
The export price index recorded a rise of 3.10% on a YoY basis in the US, in February. In the previous month, the export price index had recorded a rise of 2.30%.
Canadian new housing price index advanced as expected in January
On a MoM basis, the new housing price index in Canada registered a rise of 0.10% in January, compared to a similar rise in the prior month. Market expectation was for the new housing price index to advance 0.10%.
Canadian capacity utilisation rose in 4Q 2016
In 4Q 2016, capacity utilisation in Canada rose to a level of 82.20%, lower than market expectations of an advance to a level of 82.50%. Capacity utilisation had recorded a revised level of 81.60% in the prior quarter.
Canadian new housing price index advanced in January
The new housing price index rose 3.10% on a YoY basis, in January, in Canada. In the previous month, the new housing price index had advanced 3.00%.
Japanese machine tool orders advanced in February
The flash machine tool orders climbed 9.10% in Japan on a YoY basis, in February. In the previous month, machine tool orders had risen 3.50%.
Japanese BSI of large manufacturing industries advanced in 1Q 2017
Business survey index (BSI) of large manufacturing industries in Japan rose to 1.10 in 1Q 2017 on a quarterly basis. BSI of large manufacturing industries had registered a rise of 7.50 in the previous quarter.
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