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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK net lending secured on dwellings rose as expected in February
In February, net lending secured on dwellings in the UK climbed £3.50 billion, at par with market expectations. Net lending secured on dwellings had registered a revised rise of £3.20 billion in the previous month.
UK M4 Ex-IOFCs 3M annualised advanced more than expected in February
In February, M4 Ex-IOFCs 3M annualised registered a rise of 4.00% in the UK on a monthly basis, compared to a rise of 1.80% in the prior month. Markets were anticipating M4 Ex-IOFCs 3M annualised to rise 1.60%.
UK M4 money supply eased in February
On a monthly basis, M4 money supply in the UK registered a drop of 0.30% in February. M4 money supply had recorded a rise of 0.90% in the prior month.
UK net consumer credit rose more than expected in February
Net consumer credit climbed £1.40 billion in February, in the UK, more than market expectations for a rise of £1.30 billion. In the prior month, net consumer credit had registered a revised rise of £1.60 billion.
UK M4 money supply rose in February
On an annual basis, M4 money supply in the UK climbed 5.70% in February. In the prior month, M4 money supply had advanced 7.00%.
UK net lending to individuals rose as expected in February
Net lending to individuals climbed £4.90 billion in February, in the UK, compared to a rise of £4.80 billion in the previous month. Market expectation was for net lending to individuals to rise £4.90 billion.
UK number of mortgage approvals for house purchases surprisingly declined in February
In the UK, number of mortgage approvals for house purchases eased unexpectedly to a level of 68.30 K in February, lower than market expectations of a steady reading. In the previous month, number of mortgage approvals for house purchases had registered a revised level of 69.10 K.
German import price index rose more than expected in February
In Germany, the import price index advanced 0.70% on a MoM basis in February, more than market expectations for an advance of 0.40%. The import price index had risen 0.90% in the prior month.
German import price index rose more than expected in February
In Germany, the import price index climbed 7.40% on a YoY basis in February, compared to a rise of 6.00% in the previous month. Market expectation was for the import price index to advance 7.00%.
French consumer confidence steadied in March
In March, consumer confidence in France remained steady at a level of 100.00. Market expectation was for consumer confidence to record a flat reading.
Italian business confidence index unexpectedly rose in March
The business confidence index registered an unexpected rise to a level of 107.10 in Italy, in March, compared to a revised reading of 106.40 in the prior month. Markets were anticipating the business confidence index to ease to 106.00.
Italian consumer confidence index surprisingly rose in March
The consumer confidence index recorded an unexpected rise to a level of 107.60 in Italy, in March, compared to a reading of 106.60 in the previous month. Markets were expecting the consumer confidence index to remain unchanged.
Swiss UBS consumption indicator advanced in February
UBS consumption indicator recorded a rise to 1.50 in February, in Switzerland. In the previous month, UBS consumption indicator had registered a revised level of 1.44.
Swiss economic expectations index advanced in March
The economic expectations index rose to a level of 29.60 in Switzerland, in March, compared to a level of 19.40 in the prior month.
US mortgage applications dropped in the last week
Mortgage applications recorded a drop of 0.80% on a weekly basis, in the week ended 24 March 2017, in the US. Mortgage applications had fallen 2.70% in the prior week.
US pending home sales slid in February
In February, on an annual basis, pending home sales in the US eased 2.40%. Pending home sales had risen 2.70% in the previous month.
US pending home sales advanced more than expected in February
Pending home sales in the US climbed 5.50% on a monthly basis in February, more than market expectations for an advance of 2.50%. In the previous month, pending home sales had recorded a drop of 2.80%.
Foreign investors remained net sellers of Japanese bonds in the previous week
Foreign investors remained net sellers of ¥1923.70 billion worth of Japanese bonds in the week ended 24 March 2017, as compared to being net sellers of a revised ¥596.30 billion worth of Japanese bonds in the prior week.
Japanese investors remained net sellers of foreign stocks in the previous week
Japanese investors were net sellers of ¥294.00 billion worth of foreign stocks in the week ended 24 March 2017, from being net sellers of a revised ¥465.10 billion worth of foreign stocks in the prior week.
Japanese small business confidence index rose in March
The small business confidence index registered a rise to 50.50 in Japan, in March. The small business confidence index had registered a level of 47.70 in the prior month.
Foreign investors remained net sellers of Japanese stocks in the previous week
Foreign investors remained net sellers of ¥754.30 billion worth of Japanese stocks in the week ended 24 March 2017, as compared to being net sellers of a revised ¥585.30 billion worth of Japanese stocks in the prior week.
Japanese investors turned net sellers of foreign bonds in the previous week
Japanese investors turned net sellers of ¥151.60 billion worth of foreign bonds in the week ended 24 March 2017, as compared to being net buyers of a revised ¥150.90 billion worth of foreign bonds in the previous week.
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