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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index climbed more than expected in February
In UK, the Halifax house price index recorded a rise of 0.30% on a MoM basis in February, more than market expectations for an advance of 0.20%. The index had advanced 0.40% in the previous month.
German factory orders climbed more than expected in January
In Germany, the seasonally adjusted factory orders rose 5.50% on a MoM basis in January, more than market expectations for an advance of 1.40%. Factory orders had fallen 2.10% in the prior month.
US trade deficit narrowed in January
In the US, trade deficit narrowed to $45.30 billion in January, from a trade deficit of $48.60 billion in the prior month. Markets were anticipating the nation to post a trade deficit of $46.10 billion.
US unemployment rate unexpectedly dropped in February
In the US, unemployment rate unexpectedly eased to a level of 3.50% in February, compared to a level of 3.60% in the previous month. Market expectation was for the unemployment rate to report a steady reading of 3.60%.
US non-farm payrolls rose in February
In the US, non-farm payrolls increased by 273.00 K in February, higher than market expectations of an advance of 175.00 K. The non-farm payrolls had recorded to a revised gain of 273.00 K in the prior month.
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