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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone investor confidence index dropped in January
In the Euro-zone, the investor confidence index dropped to a level of -1.50 in January, compared to market expectations of a drop to a reading of -2.00. The index had recorded a level of -0.30 in the previous month.
Euro-zone retail sales rose more than expected in November
The seasonally adjusted retail sales in the Euro-zone recorded a rise of 0.60% on a MoM basis, in November, compared to a revised similar rise in the prior month. Market anticipation was for retail sales to climb 0.20%.
German factory orders declined more than expected in November
The seasonally adjusted factory orders in Germany dropped 1.00% on a monthly basis, in November, compared to a revised advance of 0.20% in the prior month. Markets were anticipating factory orders to ease 0.10%.
German retail sales rose more than expected in November
On a monthly basis, retail sales in Germany rose 1.40% in November, higher than market expectations for a rise of 0.40%. Retail sales had registered a drop of 0.30% in the previous month.
US non-manufacturing PMI dropped in December
In the US, the ISM non-manufacturing PMI dropped to a level of 57.60 in December, compared to a reading of 60.70 in the prior month. Markets were expecting the index to fall to a level of 58.50
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