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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone consumer confidence index unexpectedly dropped in April
The flash consumer confidence index in the Euro-zone recorded an unexpected drop to a level of -7.90 in April, compared to market expectations of a rise to a level of -7.00. In the previous month, the index had registered a level of -7.20.
US housing price index rose less than expected in February
The housing price index in the US recorded a rise of 0.30% in February, compared to an advance of 0.60% in the previous month. Markets were anticipating the index to rise 0.50%.
US Richmond Fed manufacturing index unexpectedly dropped in April
The Richmond Fed manufacturing index in the US registered an unexpected drop to a level of 3.00 in April, lower than market expectations of an unchanged reading. In the previous month, the index had registered a level of 10.00.
US new home sales unexpectedly climbed in March
New home sales in the US unexpectedly rose by 4.50%, on monthly basis, to a level of 692.00 K in March, higher than market expectations of 649.00 K. In the prior month, new home sales had registered a revised level of 662.00 K.
Japanese all industry activity index dropped as expected in February
In Japan, the all industry activity index fell 0.20% on a MoM basis, in February, at par with market expectations. In the prior month, the index had registered a similar fall.
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