Hot Features
Premium
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI advanced in February
In February, the construction PMI in the UK climbed to 51.40, compared to a reading of 50.20 in the previous month. Market anticipation was for the construction PMI to rise to 50.50.
UK needs to face up to ‘hard facts’ on Brexit, says PM Theresa May
Britain’s Prime Minister, Theresa May, admitted that the UK and the European Union (EU) would have reduced access to each other’s markets after Brexit. However, she insisted that Britain sought the “broadest and deepest possible agreement” and that the nation was close to agreeing the terms of an implementation period that will help smooth the country’s departure from the EU. Further, UK PM conceded that no side can get exactly what it wants in Brexit negotiations. Commenting on the European Court of Justice jurisdiction, she stated that its existence, and its rulings, will continue to impact the UK.
Euro-zone PPI advanced less than expected in January
On an annual basis, the producer price index (PPI) rose 1.50% in January, in the Euro-zone, lower than market expectations for a rise of 1.60%. The PPI had advanced 2.20% in the prior month.
Euro-zone PPI advanced as expected in January
In January, the PPI in the Euro-zone advanced 0.40% on a monthly basis, in line with market expectations. In the previous month, PPI had registered a revised rise of 0.10%.
German import price index advanced more than expected in January
The import price index registered a rise of 0.50% in Germany on a MoM basis in January, more than market expectations for a rise of 0.40%. In the previous month, the import price index had risen 0.30%.
German import price index advanced as expected in January
The import price index in Germany recorded a rise of 0.70% on an annual basis in January, meeting market expectations. In the previous month, the import price index had climbed 1.10.
German retail sales surprisingly eased in January
Retail sales recorded an unexpected drop of 0.70% in Germany on a MoM basis in January, compared to a revised drop of 1.10% in the previous month. Market anticipation was for retail sales to rise 0.70%.
German retail sales advanced less than expected in January
In January, on a YoY basis, retail sales registered a rise of 2.30% in Germany, less than market expectations for a rise of 3.00%. Retail sales had recorded a drop of 1.90% in the previous month.
Italian GDP advanced as expected in 4Q 2017
On a QoQ basis, the final gross domestic product (GDP) climbed 0.30% in Italy, in 4Q 2017, compared to an advance of 0.40% in the previous quarter. Markets were expecting the GDP to advance 0.30%. The preliminary figures had also indicated a rise of 0.30%.
Number of people unemployed in Spain dropped in February
Number of people unemployed in Spain eased by 6.30 K in February, compared to market anticipations of a decline of 6.00 K. Number of people unemployed had registered a gain of 63.70 K in the previous month.
US Reuters/Michigan consumer sentiment index climbed in February
The final Reuters/Michigan consumer sentiment index in the US climbed to 99.70 in February, higher than market expectations of an advance to 99.50. The preliminary figures had recorded a rise to 99.90. In the previous month, the Reuters/Michigan consumer sentiment index had recorded a level of 95.70.
Canadian GDP rose as expected in December
On a YoY basis in December, GDP advanced 3.30% in Canada, meeting market expectations. In the prior month, the GDP had advanced 3.50%.
Canadian GDP advanced as expected in December
In Canada, GDP advanced 0.10% on a MoM basis in December, compared to a rise of 0.40% in the previous month. Markets were anticipating the GDP to rise 0.10%.
Canadian annualised GDP rose less than expected in 4Q 2017
On a QoQ basis in Canada, annualised GDP advanced 1.70% in 4Q 2017, compared to a revised advance of 1.50% in the previous quarter. Markets were expecting annualised GDP to advance 2.00%.
Japanese Nikkei Japan composite PMI dropped in February
Nikkei Japan composite PMI fell to a level of 52.20 in February, in Japan. Nikkei Japan composite PMI had recorded a level of 52.80 in the previous month.
Japanese Nikkei Japan services PMI declined in February
In Japan, Nikkei Japan services PMI fell to a level of 51.70 in February, compared to a reading of 51.90 in the prior month.
Chinese Caixin/Markit services PMI index declined in February
In February, the Caixin/Markit services PMI index in China fell to a level of 54.20, compared to a reading of 54.70 in the prior month. Markets were expecting the Caixin/Markit services PMI index to fall to a level of 54.30.
Chinese Caixin composite PMI dropped in February
Caixin composite PMI in China eased to 53.30 in February, compared to a reading of 53.70 in the previous month
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
