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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone trade surplus widened in February
The seasonally adjusted trade surplus in the Euro-zone widened to €19.20 billion in February, following a trade surplus of €15.70 billion in the previous month. Markets were expecting the region’s a trade surplus to widen to €18.00 billion.
Euro-zone recorded trade surplus in February
In February, the non-seasonally adjusted trade surplus in the Euro-zone stood at €17.80 billion, compared to market expectations of a trade surplus of €16.20 billion. The Euro-zone had posted a trade deficit of €0.60 billion in the prior month.
Euro-zone CPI advanced as expected in March
On a monthly basis, the consumer price index (CPI) registered a rise of 0.80% in the Euro-zone, in March, compared to a rise of 0.40% in the prior month. Markets were expecting the CPI to rise 0.80%.
Euro-zone core CPI advanced as expected in March
In March, on a YoY basis, the final core CPI recorded a rise of 0.70% in the Euro-zone, at par with market expectations. The core CPI had registered a rise of 0.90% in the prior month. The preliminary figures had also recorded a rise of 0.70%.
Euro-zone new car registrations in EU 28 countries advanced in March
In the Euro-zone, new car registrations in the EU 28 countries registered a rise of 11.20% on an annual basis, in March. New car registrations in the EU 28 countries had risen 2.20% in the prior month.
Euro-zone CPI rose as expected in March
On a YoY basis, the final CPI in the Euro-zone climbed 1.50% in March, compared to a rise of 2.00% in the prior month. The preliminary figures had also indicated an advance of 1.50%. Market anticipation was for the CPI to rise 1.50%.
Italy recorded trade surplus in February
Trade surplus (non-EU countries) in Italy recorded a reading of €1.72 billion in February. Italy had registered a trade deficit of €0.89 billion in the previous month.
Italian trade surplus slid in February
Trade surplus (EU countries) in Italy narrowed to €0.17 billion in February. Italy had reported a revised trade surplus of €0.32 billion in the prior month.
Fed’s Beige Book reported that the US economic growth modest, wage gains broadened
The Federal Reserve’s (Fed) Beige Book report indicated that the US economy expanded at a modest-to-moderate pace between mid-February and the end of March and that tight labour markets are broadening out wage gains, but inflation pressures remained in check. Moreover, a large number of firms reported high turnover rates and challenges in retaining staff.
US mortgage applications dropped in the last week
Mortgage applications dropped 1.80% on a weekly basis in the US, in the week ended 14 April 2017. Mortgage applications had recorded a rise of 1.50% in the previous week.
Foreign investors became net buyers of Japanese bonds in the previous week
Foreign investors were net buyers of ¥410.50 billion worth of Japanese bonds in the week ended 14 April 2017, as compared to being net buyers of a revised ¥587.20 billion worth of Japanese bonds in the previous week.
Japanese exports advanced more than expected in March
In March, exports recorded a rise of 12.00% in Japan on an annual basis, compared to an advance of 11.30% in the prior month. Markets were expecting exports to advance 6.20%.
Japanese investors remained net sellers of foreign bonds in the previous week
Japanese investors were net sellers of ¥796.20 billion worth of foreign bonds in the week ended 14 April 2017, from being net sellers of a revised ¥2175.70 billion worth of foreign bonds in the prior week.
Japanese adjusted merchandise trade surplus dropped in March
Adjusted merchandise trade surplus in Japan dropped to ¥172.20 billion in March, more than market expectations of an adjusted merchandise trade surplus of ¥172.00 billion. Japan had reported a revised adjusted merchandise trade surplus of ¥609.00 billion in the prior month.
Japanese investors turned net sellers of foreign stocks in the previous week
Japanese investors turned net sellers of ¥231.70 billion worth of foreign stocks in the week ended 14 April 2017, as compared to being net buyers of ¥82.90 billion worth of foreign stocks in the prior week.
Foreign investors became net buyers of Japanese stocks in the previous week
Foreign investors were net buyers of ¥315.20 billion worth of Japanese stocks in the week ended 14 April 2017, from being net buyers of a revised ¥442.30 billion worth of Japanese stocks in the previous week.
Japanese imports rose more than expected in March
Imports registered a rise of 15.80% on a YoY basis in Japan, in March, compared to an advance of 1.20% in the prior month. Markets were anticipating imports to rise 10.00%.
Japanese merchandise (total) trade surplus dropped in March
Merchandise (total) trade surplus in Japan narrowed to ¥614.70 billion in March, compared to market expectations of a merchandise (total) trade surplus of ¥608.00 billion. Japan had posted a revised merchandise (total) trade surplus of ¥813.50 billion in the prior month.
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