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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index advanced in January
In the UK, the Halifax house price index rose 0.40% on a MoM basis in January. In the previous month, the index had registered a revised rise of 1.80%.
German trade surplus widened in December
In Germany, the seasonally adjusted trade surplus rose to €19.20 billion in December, compared to a revised trade surplus of €18.50 billion in the prior month. Market anticipation was for the nation to register a trade surplus of €18.40 billion.
German industrial production declined more than expected in December
In Germany, the seasonally adjusted industrial production registered a drop of 3.50% on a MoM basis in December, following a revised rise of 1.20% in the prior month. Markets were anticipating the industrial production to drop 0.20%.
US unemployment rate unexpectedly rose in January
In the US, unemployment rate rose unexpectedly to a level of 3.60% in January, compared to market expectations of an unchanged reading. In the prior month, unemployment rate had recorded a reading of 3.50%.
US non-farm payrolls increased in January
In the US, non-farm payrolls advanced by 225.00 K in January, compared to a revised increase of 147.00 K in the prior month. Market anticipation was for non-farm payrolls to advance to a level of 160.00 K.
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