Hot Features
Premium
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Brexit is a risk to UK growth, says BoE Governor Mark Carney
The Bank of England (BoE) Governor, Mark Carney, warned that Britain’s economy could struggle to grow after a decision to quit the European Union. He indicated that risks related to the referendum include pressures on Britain’s “remarkably high” current account deficit, its property markets and liquidity in financial markets and added that some elements of these risks may be beginning to manifest.
Euro-zone current account surplus widened in February
In February, the non-seasonally adjusted current account surplus in the Euro-zone widened to €11.10 billion, following a revised current account surplus of €8.30 billion in the previous month.
Euro-zone current account surplus dropped in February
The seasonally adjusted current account surplus in the Euro-zone dropped to €19.00 billion in February, following a revised current account surplus of €27.50 billion in the prior month.
Euro-zone economic sentiment index advanced in April
In April, the economic sentiment index climbed to 21.50 in the Euro-zone. In the prior month, the economic sentiment index had recorded a level of 10.60.
Euro-zone construction output dropped in February
In the Euro-zone, the seasonally adjusted construction output slid 1.10% on a MoM basis, in February. In the previous month, construction output had risen by a revised 2.40%.
German economic sentiment index climbed in April
The economic sentiment index recorded a rise to 11.20 in Germany, in April, compared to a reading of 4.30 in the prior month. Market anticipation was for the economic sentiment index to climb to 8.00.
German current situation index declined unexpectedly in April
Compared to a reading of 50.70 in the prior month the current situation index in Germany dropped unexpectedly to 47.70 in April. Market anticipation was for the current situation index to advance to a level of 50.80.
Italy posted current account surplus in February
Current account surplus in Italy recorded a reading of €1.38 billion in February, from a current account deficit of €1.07 billion in the previous month.
US building permits unexpectedly dropped in March
In March, building permits recorded an unexpected drop of 7.70%, on MoM basis, to an annual rate of 1086.00 K in the US, compared to a revised level of 1177.00 K in the previous month. Market expectation was for building permits to climb to 1200.00 K.
US Redbook index advanced in the last week
The Redbook index rose 0.50% on a YoY basis, in the week ended 15 April 2016, in the US. In the previous week, the Redbook index had risen 1.10%.
US Redbook index fell in the last week
The seasonally adjusted Redbook index in the US fell 3.10% on a MoM basis, in the week ended 15 April 2016. The Redbook index had recorded a drop of 2.80% in the previous week.
US housing starts slid in March
In the US, housing starts dropped 8.80%, on monthly basis, to an annual rate of 1089.00 K in March, lower than market expectations of 1166.00 K. Housing starts had registered a revised reading of 1194.00 K in the prior month.
BoC’s Poloz cautious on Canada’s economic outlook
The Bank of Canada (BoC) Governor, Stephen Poloz, warned that the global economy retains the capacity to disappoint further. He indicated that the downturn in the global economy, weak business investment and a stronger Canadian dollar could derail the Canadian economy’s recovery.
Japanese adjusted merchandise trade surplus widened in March
Adjusted merchandise trade surplus in Japan expanded to ¥276.50 billion in March, compared to a revised adjusted merchandise trade surplus of ¥150.40 billion in the previous month. Market expectation was for the nation to post an adjusted merchandise trade surplus of ¥450.00 billion.
Japanese nationwide department store sales slid in March
In Japan, nationwide department store sales dropped 2.90% on an annual basis, in March. Nationwide department store sales had risen 0.20% in the prior month.
Japanese exports dropped less than expected in March
Exports eased 6.80% in Japan on a YoY basis in March, less than market expectations for a fall of 7.00%. In the prior month, exports had recorded a drop of 4.00%.
Japanese Tokyo department store sales registered a drop in March
Tokyo department store sales fell 1.10% in Japan on an annual basis, in March. In the prior month, Tokyo department store sales had registered a rise of 2.70%.
Japanese merchandise (total) trade surplus widened in March
Merchandise (total) trade surplus in Japan widened to ¥755.00 billion in March, compared to market expectations of a merchandise (total) trade surplus of ¥834.60 billion. Japan had posted a revised merchandise (total) trade surplus of ¥242.20 billion in the previous month.
Japanese imports dropped less than expected in March
Imports recorded a drop of 14.90% on an annual basis in March, in Japan, less than market expectations for a drop of 16.60%. In the previous month, imports had fallen 14.20%.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
