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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone new car registrations in EU 28 countries climbed in February
New car registrations in the EU 28 countries in the Euro-zone climbed 4.30% on an annual basis, in February. In the prior month, new car registrations in the EU 28 countries had advanced 7.10%.
French EU normalised CPI remained steady in February
In February, on a MoM basis, the final EU normalized consumer price index (CPI) in France remained unchanged, compared to a drop of 0.10% in the prior month. The preliminary figures had also indicated a steady reading. Market anticipation was for EU normalised CPI to remain flat.
French EU normalised CPI advanced as expected in February
The final EU normalised CPI rose 1.30% in France on an annual basis in February, compared to an advance of 1.50% in the previous month. The preliminary figures had also recorded a rise of 1.30%. Markets were expecting EU normalised CPI to advance 1.30%.
French CPI (ex-tobacco) remained flat in February
On a MoM basis in February, the final CPI (ex-tobacco) remained unchanged in France, higher than market expectations for a drop of 0.10%. The preliminary figures had indicated a drop of 0.10%. The CPI (ex-tobacco) had recorded a drop of 0.10% in the previous month.
French CPI (ex-tobacco) advanced as expected in February
In February, the final CPI (ex-tobacco) advanced 1.20% on an annual basis in France, at par with market expectations. The preliminary figures had also indicated an advance of 1.20%. In the previous month, the CPI (ex-tobacco) had recorded a rise of 1.30%.
SNB left key interest rate on hold
The Swiss National Bank (SNB), at its March monetary policy meeting, opted to keep the benchmark deposit rate steady at -0.75%, in line with market expectations. In its policy statement, the central bank reiterated its willingness to intervene in the currency markets as the Swiss Franc is still overvalued. Further, the SNB expects the Swiss economy to expand around 2.00% this year, citing a broader pickup in the global economy.
Swiss producer and import price index rose in February
The producer and import price index in Switzerland recorded a rise of 0.30% in February on a MoM basis. In the prior month, the producer and import price index had registered a similar rise.
Swiss producer and import price index rose in February
On a YoY basis, the producer and import price index registered a rise of 2.30% in Switzerland, in February. The producer and import price index had registered a rise of 1.80% in the previous month.
US continuing jobless claims advanced in the last week
The seasonally adjusted continuing jobless claims advanced to 1879.00 K in the US, in the week ended 03 March 2018, compared to a revised level of 1875.00 K in the prior week. Market expectation was for continuing jobless claims to advance to 1903.00 K.
US export price index rose in February
On an annual basis, the export price index climbed 3.30% in the US, in February. In the previous month, the export price index had recorded a rise of 3.40%.
US Philadelphia Fed manufacturing index dropped in March
The Philadelphia Fed manufacturing index dropped to 22.30 in March, in the US, compared to a level of 25.80 in the prior month. Markets were expecting the Philadelphia Fed manufacturing index to fall to a level of 23.00.
US initial jobless claims dropped in the last week
In the week ended 10 March 2018, the seasonally adjusted initial jobless claims in the US eased to 226.00 K, lower than market expectations of a drop to 228.00 K. In the prior week, initial jobless claims had recorded a revised level of 230.00 K.
US import price index rose more than expected in February
In February, the import price index climbed 0.40% in the US on a monthly basis, compared to a revised rise of 0.80% in the prior month. Market expectation was for the import price index to climb 0.20%.
US housing market index unexpectedly slid in March
The housing market index in the US recorded an unexpected drop to 70.00 in March, compared to a revised reading of 71.00 in the previous month. Markets were expecting the housing market index to rise to 72.00.
US NY Empire State manufacturing index advanced in March
The NY Empire State manufacturing index recorded a rise to 22.50 in the US, in March, compared to a level of 13.10 in the prior month. Markets were expecting the NY Empire State manufacturing index to advance to a level of 15.00.
US import price index advanced as expected in February
On a YoY basis in February, the import price index recorded a rise of 3.50% in the US, at par with market expectations. In the prior month, the import price index had recorded a revised rise of 3.40%.
US export price index advanced less than expected in February
In February, the export price index advanced 0.20% in the US, on a monthly basis, less than market expectations for an advance of 0.30%. The export price index had recorded a rise of 0.80% in the previous month.
Canadian existing home sales declined in February
On a monthly basis, existing home sales in Canada registered a drop of 6.50% in February. In the prior month, existing home sales had registered a drop of 14.50%.
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