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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK unemployment rate unexpectedly rose in the December-February period
In the UK, the unemployment rate unexpectedly advanced to a level of 4.00% in the three months to February, compared to a level of 3.90% in the prior month. Markets were expecting the unemployment rate to fall to 3.80%.
Euro-zone economic sentiment index advanced in April
In the Euro-zone, the economic sentiment index advanced to a level of 25.20 in April. The economic sentiment index had registered a reading of -49.50 in the prior month.
German economic sentiment index rose in April
In Germany, the economic sentiment index registered a rise to a level of 28.20 in April, compared to a reading of -49.50 in the previous month. Markets were expecting the economic sentiment index to rise to a level of -43.00.
US existing home sales dropped in March
In the US, existing home sales registered a drop of 8.50% to a level of 5.27 million on a MoM basis in March, compared to a revised reading of 5.76 million in the prior month. Markets were expecting existing home sales to fall to a level of 5.40 million.
Australian leading index dropped in March
In Australia, the leading index fell to a level of 96.35 in March. In the previous month, the leading index had registered a reading of 97.17
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