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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
US advance goods trade deficit rose in January
In the US, advance goods trade deficit widened to $107.63 billion in January, compared to a deficit of $101.40 billion in the prior month.
US Chicago Fed Purchasing Managers’ Index fell in February
In the US, the Chicago Fed Purchasing Managers’ Index recorded a drop to 56.30 in February, compared to a reading of 65.20 in the prior month. Market expectations were for the index to fall to a level of 63.00.
US Dallas Fed manufacturing business index climbed in February
In the US, the Dallas Fed manufacturing business index jumped to a level of 14.00 in February, compared to a level of 2.00 in the prior month. Markets were expecting the index to record a rise to 5.00.
Chinese manufacturing PMI unexpectedly advanced in February
In China, manufacturing PMI unexpectedly rose to a level of 50.40 in February, compared to a reading of 49.10 in the prior month. Markets were expecting the manufacturing PMI to rise to 49.30.
RBA keeps its interest rate unchanged
The Reserve Bank of Australia (RBA) held its benchmark interest rate at 0.10%, as widely expected.
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