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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone consumer confidence index dropped in January
In the Euro-zone, the final consumer confidence index registered a drop to -15.50 in January, meeting market expectations and compared to a revised reading of -13.80 in the previous month.
Euro-zone economic sentiment indicator dropped less than anticipated in January
In the Euro-zone, the economic sentiment indicator registered a drop to 91.50 in January, compared to a revised reading of 92.40 in the prior month. Markets were expecting the economic sentiment indicator to record a drop to a level of 89.50.
German CPI rose more than expected in January
In Germany, the flash consumer price index (CPI) climbed 1.00% on a YoY basis in January, compared to a drop of 0.30% in the previous month. Market expectations were for the consumer price index to climb 0.70%.
US annualised GDP climbs as expected in 4Q 2020
In the US, the preliminary annualised GDP recorded a rise of 4.00% on a QoQ basis in 4Q 2020, in line with market expectations and compared to a surge of 33.40% in the prior quarter.
US new home sales rose less than expected in December
In the US, new home sales recorded a rise of 1.60% on a MoM basis in December, compared to a revised drop of 12.60% in the prior month. Markets were expecting new home sales to record an advance of 1.90%.
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