Hot Features
Premium
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CPI rose more than expected in January
In the UK, the consumer price index (CPI) registered a rise of 1.80% on a YoY basis in January, compared to an increase of 1.30% in the prior month. Markets were anticipating the CPI to advance 1.60%.
Euro-zone construction output dropped in December
In the Euro-zone, the seasonally adjusted construction output dropped 3.10% on a MoM basis in December. Construction output had recorded a revised rise of 0.74% in the previous month.
Euro-zone current account surplus widened in December
In the Euro-zone, the seasonally adjusted current account surplus expanded to €33.00 billion in December, following a revised current account surplus of €32.00 billion in the previous month. Market anticipation was for the region to post a current account surplus of €36.40 billion.
US housing starts declined in January
In the US, housing starts dropped 3.60% to an annual rate of 1567.00 K, on MoM basis in January. Housing starts had recorded a revised to a reading of 1626.00 K in the prior month.
FOMC minutes: Fed officials expects the economy to grow at a moderate pace
Minutes of the US Fed’s January meeting showed that the policymakers are expected to hold interest rates steady this year as they stated that the US economy seemed stronger in late January than they had expected. The minutes reiterated that though trade uncertainties had diminished following the signing of the phase one US-China trade deal, downside risks posed by the outbreak of the coronavirus ‘warranted close watching’. Moreover, the policymakers expects economic growth to continue at ‘moderate pace’.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
