The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer confidence index rose in April
In the UK, the consumer confidence index rose to a level of -15.00 in April, compared to a reading of -16.00 in the previous month. Markets were expecting the index to record a rise to -12.00.
ECB holds interest rate steady
The ECB, in its latest monetary policy meeting, kept its benchmark interest rate steady at 0.00% and deposit facility rate at -0.50%. Further, the central bank indicated that the Governing Council reiterated to maintain its “very accommodative monetary policy stance”.
Euro-zone consumer confidence index unexpectedly rose in April
In the Euro-zone, the preliminary consumer confidence index recorded an unexpected rise to a level of -8.10 in April, compared to a level of – 10.80 in the previous month. Market expectations were for the index to record a drop to -10.80.
US number of initial jobless claims unexpectedly fell in the week ended 16 April 2021
In the US, number of initial jobless claims registered an unexpected drop to a level of 547.00 K in week ended 16 April 2021, compared to a revised level of 586.00 K in the prior week. Market anticipations were for the seasonally adjusted number of initial jobless claims to rise to a level of 617.00 K.
US existing home sales unexpectedly dropped in March
In the US, existing home sales dropped 3.70% on a MoM basis in March, compared to a revised fall of 6.30% in the previous month. Markets were expecting the existing sales to record an advance of 0.80%.
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