Guardian Stockbrokers Key Economic News Thursday 10 February 2022

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

UK house price balance rose in January

In the UK, the RICS house price balance registered a rise to 74.00% in January, compared to 69.00% in the previous month.

German current account surplus widened less than expected in December

In Germany, current account surplus widened to €23.90 billion in December, compared to a revised surplus of €18.50 billion in the prior month. Markets were expecting current account surplus to widen to €24.50 billion.

German trade balance surplus narrowed in December

In Germany, trade surplus narrowed to €6.80 billion in December, compared to a revised surplus €10.80 billion in the previous month. Markets were expecting trade surplus to narrow to €10.40 billion.

US MBA mortgage applications dropped in the week ended 4 February 2022

In the US, the number of mortgage applications declined 8.10% on a weekly basis in the week ended 4 February 2022, compared to a rise of 12.00% in the prior week.

Japan PPI rose more than expected in January

In Japan, the producer price index (PPI) advanced more than expected 8.60% on a YoY basis in January, compared to a revised rise of 8.70% in the previous month. Markets were expecting the PPI to record an advance of 8.20%.

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