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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector borrowing reported a deficit in February
In the UK, public sector borrowing reported a deficit of £15.86 billion in February, compared to a revised surplus of £9.10 billion in the previous month. Markets were expecting a deficit of £7.67 billion.
Euro-zone ZEW economic sentiment dropped more than expected in March
In Euro-zone, the ZEW economic sentiment fell to 10.00 in March, compared to a level of 29.70 in the prior month. Market anticipations for the economic sentiment to fall to 23.20.
German ZEW economic sentiment fell more than expected in March
In Germany, the ZEW economic sentiment declined to 13.00 in March, compared to a level of 28.10 in the last month. Markets were expecting the economic sentiment to drop to 16.40.
German ZEW current situation declined more than anticipated in March
In Germany, the ZEW current situation fell to -46.50 in March, compared to a level of -45.10 in the previous month. Market expectations for the current situation to drop to -45.80.
US existing home sales advanced more than expected in February
In the US, existing home sales climbed 14.5% to 4.58 million on MoM basis in February, compared to 4.00 million in the last month. Markets were expecting existing home sales to rise to 4.20 million.
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