Guardian Stockbrokers Key Economic News Wednesday 3 February 2021

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


UK house prices unexpectedly fell in January

In the UK, the seasonally adjusted house prices dropped 0.30% on a MoM basis in January, compared to a revised rise of 0.90% in the previous month. Markets were expecting house price to record an advance of 0.30%.

Euro-zone GDP dropped less than anticipated

In the Euro-zone, GDP fell less than expected by 0.70% on a QoQ basis in 4Q 2020, compared to a climb of 12.5% in the previous quarter. Markets were expecting the GDP to record a drop of 1.2%.

US economic optimism index climbed in January

In the US, the economic optimism index registered a jump to a reading of 51.90 in January, compared to a level of 50.10 in the prior month.

Japanese Nikkei services PMI dropped in January

In Japan, the final Nikkei services PMI dropped to a level of 46.10 in January, compared to a level of 47.70 in the prior month. Markets were anticipating the Nikkei services PMI to ease to 45.70.

Chinese services PMI declined in January

In China, the services PMI eased to a level of 52.00 in January, compared to a reading of 56.30 in the previous month.

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