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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
ECB kept its key interest rate steady
The ECB, in its latest monetary policy decision, kept its benchmark interest rate unchanged at 0.0%, as widely expected. Further, the ECB decided to keep its Pandemic Emergency Purchase Program (PEPP) unchanged at a total of €1.85 trillion due to last until March 2022. Meanwhile, the central bank indicated that it expects to increase its bond purchases “significantly” over the next quarter, following a rise in borrowing costs in the region.
US JOLTs job openings unexpectedly advanced in January
In the US, the JOLTs job openings unexpectedly rose to 6917.00 K in January, compared to a revised reading of 6752.00 K in the prior month. Market expectations were for the JOLTs job openings to drop to a level of 6600.00 K.
US initial jobless claims dropped more than expected in the week ended 05 March 2021
In the US, the seasonally adjusted number of initial jobless claims fell to a level of 712.00 K in the week ended 05 March 2021, compared to a revised level of 754.00 K in the prior week.
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