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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices unexpectedly fell in February
On a monthly basis, the seasonally adjusted house prices in the UK unexpectedly eased 0.10% in February, compared to a revised rise of 0.20% in the previous month. Markets were anticipating the house prices to remain flat.
German CPI rose more than expected in February
In Germany, the preliminary consumer price index (CPI) recorded a rise of 0.50% on a monthly basis, in February, compared to a fall of 0.80% in the previous month. Market anticipation was for the CPI to rise 0.40%.
US Chicago Fed PMI in February
The Chicago Fed PMI in the US recorded a rise to a level of 64.70 in February, compared to market expectations of an advance to a reading of 57.50. The index had recorded a level of 56.70 in the prior month.
US annualised GDP advanced more than expected in 4Q 2018
The preliminary annualised gross domestic product (GDP) in the US recorded a rise of 2.60% on a QoQ basis, in 4Q 2018, compared to an advance of 3.40% in the prior quarter. Market expectation was for the annualised GDP to rise 2.20%.
US initial jobless claims advanced in the last week
The seasonally adjusted initial jobless claims in the US registered a rise to a level of 225.00 K in the week ended 23 February 2019, compared to a level of 216.00 K in the prior week. Markets were anticipating initial jobless claims to rise to a reading of 220.00 K.
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