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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BBA mortgage approvals fell in December
BBA mortgage approvals in the UK eased to a level of 38.78 K in December, lower than market expectations of a drop to as reading of 38.80 K. In the previous month, BBA mortgage approvals had recorded a revised level of 39.21 K.
German Ifo business climate index declined in January
The Ifo business climate index in Germany recorded a drop to a level of 99.10 in January, compared to a reading of 101.00 in the prior month. Markets were anticipating the index to ease to a level of 100.70.
German Ifo current assessment index dropped in January
In Germany, the Ifo current assessment index fell to a level of 104.30 in January, compared to market expectations of a drop to a reading of 104.20. In the previous month, the index had registered a reading of 104.90.
German Ifo business expectations index eased in January
The Ifo business expectations index in Germany fell to a level of 94.20 in January, compared to a level of 97.30 in the prior month. Market anticipation was for the index to fall to a reading of 97.10.
Chinese industrial profits dropped in December
On a YoY basis, industrial profits (YoY) in China eased 1.90% in December. In the prior month, industrial profits (YoY) had fallen 1.80%.
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