The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI trends selling prices advanced in April
In April, CBI trends selling prices in the UK advanced to 4.00. In the prior month, CBI trends selling prices had recorded a reading of -1.00.
UK CBI business optimism rose in 2Q 2016
Pessimism among London businesses for the next six months has increased, with a net 5.00% of firms showing pessimism about their business prospects in 2Q 2016, as compared to a net 4.00% of firms that showed pessimism in the prior quarter.
UK balance of firms reporting total order book above normal recorded an unexpected rise in April
The balance of firms reporting total order book above normal in the UK rose unexpectedly to a level of -11.00 in April, compared to market expectations of a drop to a level of -17.00. The balance of firms reporting total order book above normal had recorded a level of -14.00 in the previous month.
German Ifo current assessment index slid surprisingly in April
In April, the Ifo current assessment index fell unexpectedly to 113.20 in Germany, compared to a level of 113.80 in the previous month. Market anticipation was for the Ifo current assessment index to record a flat reading.
German Ifo business expectations index climbed in April
The Ifo business expectations index advanced to 100.40 in April, in Germany, compared to market expectations of an advance to 100.90. In the prior month, the Ifo business expectations index had registered a reading of 100.00.
German Ifo business climate index dropped unexpectedly in April
Compared to a level of 106.70 in the previous month the Ifo business climate index in Germany eased unexpectedly to 106.60 in April. Markets were anticipating the Ifo business climate index to advance to a level of 107.10.
Spanish PPI climbed in March
The producer price index (PPI) in Spain recorded a rise of 0.70% in March on a MoM basis. In the previous month, the PPI had recorded a drop of 1.30%.
Spanish PPI registered a drop in March
The PPI eased 5.40% in Spain on an annual basis, in March. In the previous month, the PPI had fallen 5.70%.
US new home sales surprisingly slid in March
New home sales unexpectedly eased by 1.50%, on monthly basis, to a level of 511.00 K in the US, in March, compared to market expectations of 520.00 K. New home sales had recorded a revised reading of 519.00 K in the previous month.
US Dallas Fed manufacturing business index unexpectedly fell in April
The Dallas Fed manufacturing business index registered an unexpected drop to -13.90 in April, in the US, compared to a reading of -13.60 in the previous month. Market anticipation was for the Dallas Fed manufacturing business index to advance to a level of -10.00.
Japanese leading economic index declined in February
In February, the final leading economic index registered a drop to 96.80 in Japan. The leading economic index had registered a reading of 101.80 in the prior month. The preliminary figures had indicated a fall to 99.80.
Japanese coincident index registered a drop in February
The final coincident index in Japan eased to 110.70 in February. The coincident index had registered a level of 113.50 in the previous month. The preliminary figures had recorded a fall to 110.30.
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