The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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Euro-zone CPI climbed less than expected in January
In the Euro-zone, the consumer price index (CPI) rose 8.50% on a YoY basis in January, compared to a rise of 9.20% in the prior month. Markets were expecting the CPI to rise 9.00%.
Euro-zone manufacturing PMI advanced as anticipated in January
In the Euro-zone, the S&P Global manufacturing PMI climbed to 48.80 in January, at par with market anticipations and compared to a level of 47.80 in the previous month.
German manufacturing PMI in January unexpectedly advanced in January
In Germany, the S&P Global/BME manufacturing PMI rose to 47.30 in January, compared to a level of 47.10 in the prior month.
US Fed hikes its key interest rate
The Federal Reserve (Fed), in its January monetary policy meeting, raised its benchmark interest rate by 0.25% to 4.75%.
US private payrolls rose less than anticipated in January
In the US, private payrolls advanced by 106.00 K in January, compared to a revised level of 253.00 K jobs in the previous month. Market anticipations were for the private payrolls to rise by 178.00 K.
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