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.
UK BRC shop price index fell more than expected in February
On a YoY basis, in February, the BRC shop price index slid 0.80% in the UK, more than market expectations for a drop of 0.60%. In the prior month, the BRC shop price index had dropped 0.50%.
UK business barometer dropped in February
The business barometer eased to 33.00 % in February, in the UK. In the prior month, the business barometer had recorded a reading of 35.00 %.
UK consumer confidence declined in February
In February, the consumer confidence fell to a level of -10.00 in the UK, compared to a level of -9.00 in the previous month. Market expectation was for the consumer confidence to ease to a level of -10.00.
Euro-zone industrial confidence index slid in February
Industrial confidence index in the Euro-zone fell to a level of 8.00 in February, compared to a revised level of 9.00 in the prior month. Markets were expecting the industrial confidence index to fall to a level of 8.00.
Euro-zone economic sentiment indicator dropped in February
The economic sentiment indicator in the Euro-zone recorded a drop to 114.10 in February, higher than market expectations of a drop to a level of 114.00. The economic sentiment indicator had recorded a revised level of 114.90 in the previous month.
Euro-zone business climate indicator slid in February
In February, the business climate indicator eased to 1.48 in the Euro-zone, higher than market expectations of a drop to 1.47. In the prior month, the business climate indicator had registered a revised reading of 1.56.
Euro-zone private sector loans rose in January
On a YoY basis, private sector loans registered a rise of 2.90% in January, in the Euro-zone. Private sector loans had advanced 2.80% in the prior month.
Euro-zone consumer confidence index fell in February
In February, the final consumer confidence index registered a drop to 0.10 in the Euro-zone, meeting market expectations. In the prior month, the consumer confidence index had registered a revised level of 1.40. The preliminary figures had also recorded a fall to 0.10.
Euro-zone services sentiment indicator surprisingly advanced in February
In the Euro-zone, the services sentiment indicator climbed unexpectedly to a level of 17.50 in February, compared to a revised level of 16.80 in the prior month. Markets were anticipating the services sentiment indicator to drop to 16.30.
German consumer price index advanced less than expected in February
On an annual basis in February, the flash consumer price index (CPI) advanced 1.40% in Germany, lower than market expectations for an advance of 1.50%. In the prior month, the CPI had recorded a rise of 1.60%.
German HICP rose less than expected in February
In February, the preliminary harmonised consumer price index (HICP) in Germany, climbed 0.50% on a monthly basis, lower than market expectations for a rise of 0.60%. The HICP had recorded a drop of 1.00% in the prior month.
German CPI rose as expected in February
The preliminary CPI recorded a rise of 0.50% on a MoM basis in February, in Germany, at par with market expectations. In the previous month, the CPI had dropped 0.70%.
German HICP rose less than expected in February
In February, the preliminary HICP advanced 1.20% on an annual basis in Germany, lower than market expectations for an advance of 1.30%. The HICP had advanced 1.40% in the prior month.
French consumer confidence declined in February
In February, consumer confidence in France recorded a drop to 100.00, compared to market expectations of a drop to 103.00. In the previous month, consumer confidence had registered a reading of 104.00.
Italian economic sentiment index rose in February
In February, the economic sentiment index advanced to 108.70 in Italy, compared to a reading of 105.60 in the previous month.
Italian consumer confidence index surprisingly rose in February
In February, the consumer confidence index registered an unexpected rise to 115.60 in Italy, compared to a level of 115.50 in the prior month. Market expectation was for the consumer confidence index to drop to 115.00.
Italian business confidence index surprisingly climbed in February
The business confidence index in Italy recorded an unexpected rise to 110.60 in February, higher than market expectations of a drop to a level of 109.20. In the previous month, the business confidence index had recorded a reading of 109.90.
Spanish CPI advanced more than expected in February
The flash CPI climbed 1.10% on a YoY basis in February, in Spain, compared to a rise of 0.60% in the previous month. Markets were anticipating the CPI to advance 0.90%.
Spanish CPI surprisingly climbed in February
On a MoM basis, the flash CPI recorded an unexpected rise of 0.10% in Spain, in February, compared to a fall of 1.10% in the previous month. Markets were expecting the CPI to ease 0.10%.
Spanish HICP index rose more than expected in February
On a YoY basis in February, the preliminary HICP index recorded a rise of 1.20% in Spain, more than market expectations for a rise of 0.90%. The HICP index had climbed 0.70% in the previous month.
Spanish HICP index unexpected rose in February
On a MoM basis, the preliminary HICP index unexpectedly climbed 0.10% in February, in Spain, compared to a fall of 1.50% in the previous month. Markets were anticipating the HICP index to ease 0.20%.
Fed Powell: US economy strong, signalled further gradual interest rate hikes
The new Federal Reserve (Fed) Chairman, Jerome Powell, in a testimony before Congress, noted that the US economic outlook had brightened in the past few months, citing the passage of a $1.5 trillion tax cut plan and stronger economic fundamentals. Further, he pledged to “strike a balance” between the risk of an overheating economy while sticking with a plan to gradually raise interest rates as recent data has strengthened prospects of higher inflation. Commenting on the latest stock market rout, Powell stated that these developments would not weigh heavily on the US economy.
US non-defence capital goods shipments (ex aircraft) rose less than expected in January
The flash non-defence capital goods shipments (ex aircraft) in the US registered a rise of 0.10% in January on a MoM basis, lower than market expectations for an advance of 0.30%. The non-defence capital goods shipments (ex aircraft) had registered a rise of 0.40% in the previous month.
US durable goods orders (ex transportation) unexpectedly fell in January
On a MoM basis in January, the preliminary durable goods orders (ex transportation) unexpectedly dropped 0.30% in the US, lower than market expectations for a rise of 0.40%. In the previous month, durable goods orders (ex transportation) had risen 0.70%.
US wholesale inventories rose more than expected in January
On a monthly basis, the seasonally adjusted flash wholesale inventories advanced 0.70% in the US, in January, higher than market expectations for a rise of 0.40%. In the prior month, the wholesale inventories had climbed by a revised 0.60%.
US house price purchase index rose in 4Q 2017
In the US, the house price purchase index climbed 1.60% in 4Q 2017 on a QoQ basis. The house price purchase index had advanced by a revised 1.50% in the prior quarter.
US Richmond Fed manufacturing index climbed in February
The Richmond Fed manufacturing index in the US advanced to 28.00 in February, compared to a level of 14.00 in the prior month. Markets were expecting the Richmond Fed manufacturing index to rise to 15.00.
US advance goods trade deficit widened in January
In January, advance goods trade deficit in the US widened to $74.40 billion, following a revised advance goods trade deficit of $72.30 billion in the prior month. Market expectation was for the nation to register a advance goods trade deficit of $72.30 billion.
US housing price index rose less than expected in December
On a monthly basis, the housing price index advanced 0.30% in December, in the US, less than market expectations for an advance of 0.40%. The housing price index had advanced by a revised 0.50% in the previous month.
US non-defence capital goods orders (ex aircraft) surprisingly dropped in January
In January, on a monthly basis, the preliminary non-defence capital goods orders (ex aircraft) in the US unexpectedly eased 0.20%, compared to a drop of 0.60% in the prior month. Markets were expecting the non-defence capital goods orders (ex aircraft) to rise 0.50%.
US S&P/Case-Shiller composite index of 20 metropolitan areas advanced more than expected in December
In December, the seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas climbed 0.64% in the US, on a monthly basis, more than market expectations for a rise of 0.60%. The S&P/Case-Shiller composite index of 20 metropolitan areas had registered a revised rise of 0.74% in the prior month.
US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas advanced less than expected in December
In December, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas in the US registered a rise of 6.30% on a YoY basis, lower than market expectations for an advance of 6.35%. The S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas had climbed by a revised 6.36% in the previous month.
US CB consumer confidence index advanced in February
The CB consumer confidence index in the US rose to a level of 130.80 in February, compared to market expectations of a rise to a level of 126.50. In the prior month, the CB consumer confidence index had recorded a revised reading of 124.30.
US durable goods orders declined more than expected in January
On a monthly basis, the preliminary durable goods orders eased 3.70% in January, in the US, more than market expectations for a fall of 2.00%. Durable goods orders had risen 2.80% in the previous month.
US S&P/Case-Shiller home price index rose in December
S&P/Case-Shiller home price index in the US rose to a level of 204.45 in December. In the previous month, the S&P/Case-Shiller home price index had recorded a revised level of 204.11.
Japanese industrial production dropped more than expected in January
In Japan, the preliminary industrial production recorded a drop of 6.60% in January on a monthly basis, more than market expectations for a drop of 4.00%. In the previous month, industrial production had risen 2.90%.
Japanese large retailer’s sales rose more than expected in January
In January, large retailer’s sales registered a rise of 0.50% on a monthly basis in Japan, more than market expectations for an advance of 0.40%. In the prior month, large retailer’s sales had risen 1.10%.
Japanese industrial production rose less than expected in January
The preliminary industrial production in Japan advanced 2.70% in January on a YoY basis, lower than market expectations for a rise of 5.30%. Industrial production had advanced 4.40% in the previous month.
Japanese retail trade rose less than expected in January
On an annual basis, retail trade climbed 1.60% in Japan, in January, lower than market expectations for an advance of 2.40%. Retail trade had registered a rise of 3.60% in the previous month.
Japanese retail trade dropped more than expected in January
In January, retail trade fell 1.80% in Japan on a MoM basis, more than market expectations for a fall of 0.60%. In the prior month, retail trade had recorded a rise of 0.90%.
Japanese vehicle production fell in January
In January, on a YoY basis, vehicle production in Japan registered a drop of 3.80%. Vehicle production had climbed by a revised 2.10% in the prior month.
Chinese NBS manufacturing PMI dropped in February
The NBS manufacturing PMI eased to 50.30 in February, in China, compared to a level of 51.30 in the prior month. Market expectation was for the NBS manufacturing PMI to drop to a level of 51.10.
Chinese NBS non-manufacturing PMI dropped in February
The NBS non-manufacturing PMI eased to 54.40 in February, in China, lower than market expectations of a drop to a level of 55.00. In the prior month, the NBS non-manufacturing PMI had registered a level of 55.30.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
