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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone CPI climbed more than expected in February
In the Euro-zone, the CPI rose 8.50% on a YoY basis in February, compared to a rise of 8.60% in the prior month. Markets were expecting the CPI to rise 8.20%.
Euro-zone unemployment rate remained steady in January
In the Euro-zone, the unemployment rate remained steady at 6.70% in January. Markets anticipations were for the unemployment rate to drop to 6.60%.
US initial jobless claims unexpectedly declined in the week ended 24 February 2023
In the US, initial jobless claims unexpectedly dropped 190.00 K in the week ended 24 February 2023, compared to a level of 192.00 K in the prior week.
Australia services PMI advanced more than expected in February
In Australia, the S&P global services PMI climbed to 50.70 in February, compared to a revised level of 48.60 in the previous month. Market expectations were for the services PMI to rise to 49.20.
Japan unemployment rate unexpectedly dropped in January
In Japan, the unemployment rate unexpectedly fell to 2.4% in January, compared to 2.5% in the previous month. Markets were anticipating the unemployment rate to remain steady at 2.5%.
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