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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Eurozone industrial production unexpectedly fell in February
On a monthly basis, the seasonally adjusted industrial production registered an unexpected drop of 0.80% in the Euro-zone, in February, less than market expectations for a rise of 0.10%. In the previous month, industrial production had recorded a revised drop of 0.60%.
ECB minutes: Officials expressed fears over global trade war and strengthening Euro
The officials expressed deep concerns over a full-blown trade war with the US and fretted over its potential impact on the global as well as the Euro-zone economy. Further, the Governing Council noted the lack of evidence to describe inflation as durable and self-sustaining. Additionally, the meeting minutes highlighted the central bank’s concern about the impact of a stronger Euro on the region’s inflation growth and the broader economy.
French CPI (ex-tobacco) advanced more than expected in March
In France, the final consumer price index (CPI) (ex-tobacco) rose 1.60% in March on a YoY basis, compared to an advance of 1.20% in the prior month. Market expectation was for the CPI (ex-tobacco) to rise 1.50%.
US initial jobless claims declined in the last week
The seasonally adjusted initial jobless claims in the US eased to 233.00 K in the week ended 07 April 2018, compared to market expectations of a drop to a level of 230.00 K. In the previous week, initial jobless claims had recorded a level of 242.00 K.
Canadian new housing price index surprisingly fell in February
On a monthly basis, in Canada, the new housing price index recorded an unexpected drop of 0.20% in February, lower than market expectations for a rise of 0.10%. The new housing price index had recorded an unchanged reading in the previous month.
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