Guardian Stockbrokers Key Economic News Thursday 27 February 2020

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

US mortgage applications rose in the last week

In the US, mortgage applications advanced 1.50% on a weekly basis in the week ended 21 February 2020. Mortgage applications had fallen 6.40% in the previous week.

US new home sales climbed in January

In the US, new home sales climbed to a level of 764.00 K on a MoM basis in January, compared to market expectations of 710.00 K. In the prior month, new home sales had registered a revised reading of 708.00 K.

New Zealand business confidence index declined in February

In New Zealand, the business confidence index dropped to -19.40% in February. In the previous month, the index had recorded a reading of -13.20%.

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