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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
US GDP annualised climbed as expected in 4Q 2021
In the US, annualised GDP jumped 7.00% in 4Q 2021, as anticipated and compared to a rise of 2.30% in the prior quarter.
US new home sales dropped in January
In the US, new home sales fell 4.50% on a MoM basis in January, compared to a revised rise of 12.00% in the prior month.
US number of initial jobless claims declined more than expected in the week ended 18 February 2022
In the US, the seasonally adjusted initial jobless claims dropped to 232.00 K on a weekly basis in the week 18 February 2022, compared to a revised reading of 249.00 K in the previous week. Markets were expecting the initial jobless claims to drop to a level of 235.00 K.
US Chicago Fed National Activity Index unexpectedly rose in January
In the US, the Chicago Fed National Activity Index unexpectedly advanced to a level of 0.69 in January, compared to a revised reading of 0.07 in the previous month. Markets were expecting the index to record a drop to -0.08.
US Kansas Fed manufacturing activity index advanced in February
In the US, the Kansas Fed manufacturing activity index rose to a level of 29.00 in February, compared to a reading of 24.00 in the previous month.
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