The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German unemployment rate remained steady as expected in December
In Germany, the unemployment rate remained steady at 5.90% in December, at par with market expectations and compared to 5.90% in the prior month.
US MBA mortgage applications dropped in the week ended 29 December 2023
In the US, the MBA mortgage applications declined 10.70% in the week ended 29 December 2023, compared to a drop of 1.50% in the previous week.
US ISM manufacturing PMI climbed more than anticipated in December
In the US, the ISM manufacturing PMI rose to 47.40 in December, compared to a level of 46.70 in the previous month. Markets were expecting the PMI to rise to 47.10.
US JOLTS job openings dropped more than forecasted in November
In the US, the JOLTS job openings fell to 8.79 million in November, compared to a revised level of 8.85 million in the previous month. Markets were expecting the job openings to drop to 8.85 million.
FOMC minutes: Fed minutes highlight unusually elevated degree of uncertainty about outlook
Minutes of the US Fed’s December meeting indicated that the central bank is done with raising interest rates. However, the meeting minutes highlighted an unusually elevated degree of uncertainty about the outlook for rate cuts and the economy.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.