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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone business climate index climbed in February
In the Euro-zone, the business climate index rose to 0.72 in February, compared to a level of 0.70 in the prior month.
Euro-zone consumer confidence index advanced as expected in February
In the Euro-zone, the consumer confidence index climbed to -19.00 in February, at par with market expectations and compared to a level of -20.70 in the previous month.
US durable goods orders dropped more than anticipated in January
In the US, durable goods orders fell 4.50% in January, compared to a revised rise of 5.10% in the prior month. Markets were anticipating durable goods orders to fall 4.00%.
US pending home sales advanced more than expected in January
In the US, pending home sales climbed 8.10% on a MoM basis in January, compared to a revised rise of 1.10% in the previous month. Markets were expecting pending home sales to rise 1.00%.
US Dallas Fed manufacturing business index declined as expected in February
In the US, the Dallas Fed manufacturing business index dropped to -13.50 in February, at par with market anticipations and compared to a level of -8.40 in the prior month.
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