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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone CPI advanced as expected in December
In the Euro-zone, the final CPI registered a rise of 5.00% on a YoY basis in December, in line with market expectations and compared to a rise of 4.90% in the previous month.
German PPI advanced more than expected in December
In Germany, the PPI surged 24.20% on a YoY basis in December, compared to an advance of 19.20% in the previous month. Markets were expecting the PPI to record an advance of 19.40%.
US number of initial jobless claims unexpectedly rose in the week ended 14 January 2022
In the US, number of initial jobless claims unexpectedly climbed to a level of 286.00 K in week ended 14 January 2022, compared to a revised reading of 231.00 K in the previous week. Market anticipations were for the seasonally adjusted initial jobless claims to ease to a level of 220.00 K.
US existing home sales eased in December
In the US, existing home sales slid 4.60% on a MoM basis in December, compared to a revised rise of 2.20% in the previous month.
US Philadelphia Fed manufacturing index climbed more than expected in January
In the US, the Philadelphia Fed manufacturing index climbed to 23.20 in January, compared to a reading of 15.40 in the prior month. Market expectations were for the index to rise to 20.00.
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