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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone trade surplus expanded in November
The seasonally adjusted trade surplus in the Euro-zone widened to €15.10 billion in November, more than market expectations of a trade surplus of €12.60 billion. The Eurozone had registered a revised trade surplus of €13.50 billion in the previous month.
US NY Empire State manufacturing index dropped in January
The NY Empire State manufacturing index in the US fell to a level of 3.90 in January, compared to market expectations of a drop to a level of 10.00. The index had recorded a revised reading of 11.50 in the previous month.
Canadian existing home sales dropped more than expected in December
Existing home sales in Canada eased 2.50% on a monthly basis, in December, compared to a fall of 2.30% in the prior month. Market expectation was for existing home sales to drop 1.00%.
Japanese tertiary industry index declined less than expected in November
The tertiary industry index in Japan slid 0.30% on a MoM basis in November, lower than market expectations for a fall of 0.60%. In the previous month, the index had advanced by a revised 2.20%.
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