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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI distributive trade survey’s retail sales balance remained steady in January
In the UK, the CBI distributive trade survey’s retail sales balance remained flat at a level of 0.00% in January, compared to market expectations of a rise to a level of 3.00%.
US durable goods orders advanced more than expected in December
In the US, the preliminary durable goods orders advanced 2.40% on a MoM basis in December, higher than market expectations for an advance of 0.50%. In the prior month, durable goods orders had registered a drop of 2.10%.
US consumer confidence index rose in January
In the US, the CB consumer confidence index rose to a level of 131.60 in January. In the previous month, the index had registered a revised to a reading of 128.20.
US Richmond Fed manufacturing index rose in January
In the US, the Richmond Fed manufacturing index registered a rise to a level of 20.00 in January, higher than market expectations of a rise to 9.00. In the prior month, the index had recorded to a reading of -5.00.
Australian Westpac leading index advanced in December
In Australia, the Westpac leading index climbed 0.05% on a MoM basis in December. In the prior month, the index had registered a revised drop of 0.02%.
Australian CPI rose more than expected in 4Q 2019
In Australia, the consumer price index (CPI) recorded a rise of 0.70
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