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Guardian Stockbrokers Key Economic News Tuesday 28 March 2017

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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Euro-zone three-month average of M3 money supply advanced in the December-February 2017 period

In the December-February 2017 period, on a YoY basis, the three-month average of M3 money supply in the Euro-zone climbed 4.90%. The three-month average of M3 money supply had risen 5.00% in the November-January 2017 period.

Euro-zone M3 money supply advanced less than expected in February

On a YoY basis, in the Euro-zone, M3 money supply recorded a rise of 4.70% in February, lower than market expectations for an advance of 4.90%. M3 money supply had climbed by a revised 4.80% in the prior month.

German Ifo business climate index unexpectedly rose in March

The Ifo business climate index climbed unexpectedly to 112.30 in Germany, in March, compared to market expectations of an unchanged reading. The Ifo business climate index had recorded a revised level of 111.10 in the previous month.

German Ifo current assessment index unexpectedly advanced in March

The Ifo current assessment index advanced unexpectedly to 119.30 in March, in Germany, compared to market expectations of a drop to 118.30. In the previous month, the Ifo current assessment index had recorded a reading of 118.40.

German Ifo business expectations index rose in March

In Germany, the Ifo business expectations index registered a rise to 105.70 in March, compared to a revised reading of 104.20 in the previous month. Market expectation was for the Ifo business expectations index to advance to 104.30.

US Dallas Fed manufacturing business index slid in March

In March, the Dallas Fed manufacturing business index registered a drop to 16.90 in the US, lower than market expectations of a fall to 22.00. In the prior month, the Dallas Fed manufacturing business index had recorded a reading of 24.50.

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