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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
ECB’s Draghi warned over a possible delay in further rate hikes
The ECB Chief, Mario Draghi, hinted that the central bank could further delay an interest rate hike, if required, and might explore alternatives to mitigate the side-effects of negative interest rates, as risks to the Euro-zone’s economic outlook remain tilted to the downside.
US trade deficit narrowed in January
Trade deficit in the US narrowed to $51.10 billion in January, from a revised trade deficit of $59.90 billion in the previous month. Markets were anticipating the nation to record a trade deficit of $57.00 billion.
US current account deficit widened in 4Q 2018
Current account deficit in the US widened to $134.40 billion in 4Q 2018, from a revised current account deficit of $126.60 billion in the prior quarter. Market anticipation was for the country’s current account deficit to rise to $130.40 billion.
US mortgage applications rose in the last week
On a weekly basis, the US mortgage applications climbed 8.90% in the week ended 22 March 2019. In the previous week, mortgage applications had advanced 1.60%.
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