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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house price index records an unexpected drop in January
In the UK, the house price index dropped 0.30% on a MoM basis in January, compared to a revised flat reading in the prior month. Markets were expecting the house price index to record a rise of 0.30%.
German factory orders declined more than expected in December
In Germany, seasonally adjusted factory orders fell 1.90% on a MoM basis in December, compared to a revised rise of 2.70% in the prior month. Markets were expecting factory orders to record a drop of 1.00%.
US nonfarm payrolls rose less than expected in January
In the US, the nonfarm payrolls advanced less than anticipated by 49.0 K in January, compared to a drop of 227.0 K in the previous months. Markets were expecting the nonfarm payrolls to record a rise of 50.0 K.
US unemployment rate unexpectedly fell in January
In the US, the unemployment rate registered an unexpected drop to 6.30% in January, compared to 6.70% in the previous month. Markets were expecting the unemployment rate to record a rate of 6.70%.
US average hourly earnings of all employees advanced less than expected in January
In the US, average hourly earnings of all employees advanced 0.20% on a MoM basis in January, compared to a revised advance of 1.00% in the previous month. Market anticipations were for average hourly earnings of all employees to advance 0.30%.
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