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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Mark Carney: BoE to lower key interest rates soon
The BoE Governor, Mark Carney, indicated that central bank might cut interest rates soon to provide support to the British economy, as the economic growth had been sluggish in recent months and that the inflation was below the BoE’s 2.00% target set by the government.
Euro-zone unemployment rate steadied in November
In the Euro-zone, the unemployment rate remained flat at a level of 7.50% in November, meeting market expectations.
German industrial production rose more than expected in November
In Germany, the seasonally adjusted industrial production recorded a rise of 1.10% on a MoM basis in November, higher than market expectations for a rise of 0.70%. Industrial production had fallen 1.00% in the prior month.
German trade surplus narrowed in November
In Germany, the seasonally adjusted trade surplus narrowed to €18.30 billion in November. Germany had posted a trade surplus of €21.50 billion in the previous month.
US initial jobless claims declined in the last week
In the US, the seasonally adjusted initial jobless claims recorded a drop to a level of 214.00 K in the week ended 04 January, compared to a revised reading of 223.00 K in the previous week 2020. Market expectation was for initial jobless claims to ease to a level of 220.00 K.
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