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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German Ifo business climate index surprisingly dropped in January
In Germany, the Ifo business climate index unexpectedly fell to a level of 95.90 in January, compared to a level of 96.30 in the prior month. Market anticipation was for the index to rise to a level of 97.00.
German Ifo current assessment index rose in January
In Germany, the Ifo current assessment index registered a rise to a level of 99.10 in January, compared to a level of 98.80 in the previous month. Market anticipation was for the index to climb to a reading of 99.40.
German Ifo business expectations index surprisingly fell in January
The German Ifo business expectations index unexpectedly eased to a level of 92.90 in January. In the prior month, the index had recorded a revised to level of 93.90.
US new home sales unexpectedly dropped in December
In the US, new home sales unexpectedly eased to a level of 694.00 K on MoM basis in December, compared to a revised level of 697.00 K in the previous month. Market expectation was for new home sales to advance to a level of 725.00 K.
US Dallas Fed manufacturing business index advanced in January
In the US, the Dallas Fed manufacturing business index rose to a level of -0.20 in January, higher than market expectations of an advance to a level of -3.10. In the previous month, the index had registered to a reading of -3.20.
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