Hot Features
Premium
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP advanced more than expected in the December-February 2019 period
In the UK, gross domestic product (GDP) registered a rise of 0.30% on a monthly basis, in the December-February 2019 period, more than market expectations for a rise of 0.20%. GDP had registered a revised similar rise in the November-January 2019 period.
UK manufacturing production rose more than expected in February
In the UK, manufacturing production registered a rise of 0.90% on a MoM basis, in February, higher than market expectations for a rise of 0.20%. Manufacturing production had climbed by a revised 1.10% in the previous month.
ECB kept its key interest rate unchanged
The ECB, at its April monetary policy meeting, kept the key interest rate unchanged at 0.00%, at par with market expectations 0.00%. Meanwhile, the ECB Chief, Mario Draghi, warned that of downside risks to the Euro-zone economy.
Fed minutes: Officials worried about global economic growth
Minutes of the Fed’s March meeting indicated that the central bank is likely to leave the interest rates unchanged this year, amid signs of flagging economic growth and risk from trade tensions. Meanwhile, the policymakers approved a plan to end its balance sheet reduction programme by September.
US CPI advanced as expected in March
In the US, the consumer price index (CPI) climbed 0.40% on a MoM basis, in March, compared to an advance of 0.20% in the prior month. Market anticipation was for the CPI to advance 0.40%.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
