Guardian Stockbrokers Key Economic News Thursday 27 April 2023

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

German GfK consumer confidence rose more than expected in May

In Germany, the GfK consumer confidence advanced to -25.70 in May, compared to a revised level of -29.30 in the prior month. Markets were expecting the consumer confidence to rise to -27.50.

US MBA mortgage applications climbed in the week ended 21 April 2023

In the US, the MBA mortgage applications rose 3.70% in the week ended 21 April 2023, compared to a fall of 8.80% in the previous week.

US durable goods orders advanced more than anticipated in March

In the US, durable goods orders rose 3.20% in March, compared to a revised fall of 1.20% in the previous month. Market anticipations were for durable goods orders to rise 0.80%.

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