Guardian Stockbrokers Key Economic News Monday 1 February 2021

Share On Facebook
share on Linkedin

The key points from today’s economic news, brought to you by Guardian Stockbrokers.


German GDP rose more than expected in 4Q 2020

In Germany, GDP rose 0.10% on a QoQ basis in 4Q 2020, compared to a rise of 8.50% in the previous quarter. Markets were expecting to record a flat reading.

German unemployment rate remained steady in January

In Germany, the unemployment rate remained unchanged at 6.00% in January. Markets were expecting the unemployment rate to climb to 6.10%.

US consumer sentiment index fell in January

In the US, the final consumer sentiment index fell to a level of 79.00 in January, compared to a reading of 80.70 in the prior month. Markets were expecting the index to record a fall to a level of 79.20.

US pending home sales fell more than expected in December

In the US, pending home sales fell 0.30% on a MoM basis in December, compared to a revised fall of 2.50% in the prior month. Markets were expecting pending home sales to record a drop of 0.10%.

US Chicago Fed Purchasing Managers’ Index unexpectedly rose in January

In the US, the Chicago Fed Purchasing Managers’ Index unexpectedly rose to a level of 63.80 in January, compared to a revised reading of 58.70 in the prior month. Markets were expecting the index to record a drop to 58.50.

Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210418 09:51:17