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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI dropped in March
In the UK, the construction PMI recorded a drop to a level of 39.30 in March, compared to a reading of 52.60 in the previous month.
Euro-zone investor confidence index unexpectedly drop in April
In the Euro-zone, the investor confidence index recorded an unexpected drop to a level of -42.90 in April, compared to a level of -17.10 in the previous month. Markets were expecting the investor confidence index to advance to -11.10.
German factory orders advanced in February
In Germany, the non-seasonally adjusted factory orders rose 1.50% on a YoY basis in February. In the previous month, factory orders had fallen by a revised 0.80%.
RBA keeps interest rates unchanged
The Reserve Bank of Australia (RBA), in its latest monetary policy meeting, kept its official cash rate unchanged at the historic low of 0.25%. The RBA Governor, Philip Lowe, said that there was “considerable uncertainty” about the Australian economy, and much depended on the length of time it took to control the virus and how long social distancing measures remained in place.
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