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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German Ifo business climate index surprisingly rose in February
In Germany, the Ifo business climate index unexpectedly rose to a level of 96.10 in February, compared to a revised level of 96.00 in the previous month. Markets were expecting the index to record a steady reading.
German Ifo current assessment index declined in February
In Germany, the Ifo current assessment index dropped to a level of 98.90 in February, compared to a revised level of 99.20 in the previous month. Markets were expecting the index to drop to a level of 99.00.
German Ifo business expectations index advanced in February
In Germany, the Ifo business expectations index registered a rise to a level of 93.40 in February, compared to market expectations of an advance to a reading of 93.30. The index had registered to a reading of 92.90 in the prior month.
US Chicago Fed national activity index surprisingly advanced in January
In the US, the Chicago Fed national activity index recorded an unexpected rise to a level of -0.25 in January, compared to market expectations of a fall to a reading of -0.92. In the previous month, the index had recorded to a revised reading of -0.51.
US Dallas Fed manufacturing business index rose less than expected in February
In the US, the Dallas Fed manufacturing business index climbed less than expected to a level of 1.20 in February, compared to a level of – 0.20 in the previous month. Markets were expecting the to climb to a level of 11.80.
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