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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BBA mortgage approvals advanced in January
BBA mortgage approvals recorded a rise to 40.12 K in January, in the UK, higher than market expectations of an advance to a level of 37.00 K. In the previous month, BBA mortgage approvals had recorded a revised reading of 36.09 K.
US Dallas Fed manufacturing business index surprisingly advanced in February
The Dallas Fed manufacturing business index in the US recorded an unexpected rise to a level of 37.20 in February, compared to a reading of 33.40 in the prior month. Markets were anticipating the Dallas Fed manufacturing business index to fall to 30.00.
US Chicago Fed national activity index surprisingly fell in January
The Chicago Fed national activity index eased unexpectedly to 0.12 in the US, in January, compared to a revised level of 0.14 in the previous month. Market expectation was for the Chicago Fed national activity index to climb to 0.20.
US new home sales unexpectedly fell in January
In January, US new home sales recorded an unexpected drop of 7.80%, on MoM basis, to a level of 593.00 K, compared to market expectations of 647.00 K. In the previous month, US new home sales had recorded a revised level of 643.00 K.
Japanese leading economic index fell in December
The final leading economic index dropped to 107.40 in December, compared to a revised level of 108.20 in the previous month in Japan. The preliminary figures had indicated a drop to 107.90.
Japanese coincident index climbed in December
The final coincident index recorded a rise to 120.20 in Japan, in December. The coincident index had registered a reading of 117.90 in the prior month. The preliminary figures had indicated a rise to 120.70.
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