The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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UK house price index rose in March
In the UK, the house price index advanced to 1.70% on a MoM basis in March, compared to a rise of 2.30% in the previous month.
Euro-zone seasonally adjusted trade deficit narrowed in January
In the Euro-zone, seasonally adjusted trade deficit narrowed to €7.70 billion in January, compared to a deficit of €9.70 billion in the prior month. Markets were expecting trade deficit to widen to €9.80 billion.
US existing home sales declined more than expected in February
In the US, existing home sales declined 7.20% on a MoM basis in February, compared to a revised rise of 6.60% in the prior month. Markets were expecting home sales to record a drop of 1.00%.
PBoC keeps its key interest rate steady
The People’s Bank of China (PBoC), in its latest monetary policy meeting, kept its benchmark interest rate unchanged at 3.70%.
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