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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house price index advanced less than expected in November
The house price index in the UK climbed 2.80% on a YoY basis, in November, lower than market expectations for an advance of 3.00%. In the previous month, the index had recorded a rise of 2.70%.
UK CPI advanced as expected in December
On a MoM basis, in the UK, the consumer price index (CPI) climbed 0.20% in December, compared to a similar rise in the prior month. Market expectation was for the CPI to rise 0.20%.
German CPI rose as expected in December
The final CPI in Germany registered a rise of 0.10% on a monthly basis, in December, in line with market expectations. In the previous month, the CPI had registered a similar rise.
US housing market index surprisingly climbed in January
In the US, the housing market index recorded an unexpected rise to a level of 58.00 in January, compared to a level of 56.00 in the prior month. Markets were expecting the index to remain unchanged.
US economy growing at modest-to-moderate pace, indicates Beige Book survey
According to the Federal Reserve’s (Fed) latest Beige Book report, 8 of its 12 regions reported that the economy expanded at a modest-to-moderate pace. However, the report indicated that business contacts in many regions became less optimistic, amid volatility in financial markets, rising interest rates as well as trade and political uncertainties.
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