Guardian Stockbrokers Key Economic News Tuesday 23 February 2021

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

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UK Prime Minister announces plan to exit lockdown restrictions by June

British Prime Minister, Boris Johnson, in his latest speech, announced a new four step plan to ease England’s Covid-19 lockdown restrictions by 21 June. He stated that the relaxation of measures will be cautious and driven by “data, not dates.” Meanwhile, he stated that he wants the lifting of restrictions to be “irreversible”.

German business expectations index rose more than expected in February

In Germany, the business expectations index advanced to a level of 94.20 in February, compared to a revised reading of 91.50 in the prior month. Markets were anticipating the index to rise to a level of 91.80.

German business climate index climbed more than anticipated in February

In Germany, the business climate index registered a rise to a level of 92.40 in February, compared to a revised reading of 90.30 in the prior month. Markets were anticipating the index to advance to a level of 90.50.

US leading indicator advanced more than expected in January

In the US, leading indicator rose 0.50% on a MoM basis in January, compared to a revised rise of 0.40% in the previous month. Markets were expecting the leading indicator to record a rise of 0.40%.

US Chicago Fed National Activity Index strengthened in January

In the US, the Chicago Fed National Activity Index climbed to a level of 0.66 in January, compared to a revised reading of 0.41 in the prior month.

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