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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
ECB minutes gave strong hints of more aggressive easing in March
Minutes of the ECB January monetary policy meeting, noted that the downside risks for the Euro zone economy had increased again since the start of the current year, amid heightened uncertainty about the growth prospects of emerging market economies, volatility in financial markets and geopolitical risks. The minutes showed that the governing council was unanimous in concluding that its current policy stance needed to be reviewed and possibly reconsidered in early March, when the new ECB staff macroeconomic projections would be available, in order to secure a return of inflation rates towards levels below, but close to, 2%.
Eurozone current account surplus expanded in December
The non-seasonally adjusted current account surplus in the Eurozone expanded to €41.40 billion in December, following a revised current account surplus of €30.30 billion in the previous month.
Eurozone current account surplus dropped in December
The seasonally adjusted current account surplus in the Eurozone dropped to €25.50 billion in December, following a revised current account surplus of €26.90 billion in the prior month.
French CPI (ex-tobacco) slid in January
On a monthly basis, the consumer price index (CPI) (ex-tobacco) registered a drop of 1.00% in France, in January. In the previous month, the CPI (ex-tobacco) had registered a rise of 0.20%.
Italian current account surplus widened in December
In December, current account surplus in Italy widened to €6.14 billion, following a current account surplus of €4.46 billion in the previous month.
Spanish trade deficit fell in December
Trade deficit in Spain narrowed to €1.79 billion in December, following a trade deficit of €1.85 billion in the previous month.
Swiss trade surplus rose in January
Trade surplus in Switzerland widened to CHF 3.51 billion in January, compared to a revised trade surplus of CHF 2.59 billion in the previous month.
Swiss exports recorded a drop in January
Exports slid 1.10% on a monthly basis, in January, in Switzerland. In the prior month, exports had recorded a revised drop of 1.50%.
Swiss imports rose in January
In Switzerland, imports climbed 2.50% on a MoM basis, in January. In the previous month, imports had dropped by a revised 8.40%.
US Philadelphia Fed manufacturing index advanced in February
Compared to a level of -3.50 in the previous month Philadelphia Fed manufacturing index recorded a rise to -2.80 in the US, in February. Market expectation was for Philadelphia Fed manufacturing index to advance to a level of -3.00.
US mortgage delinquencies recorded a drop in 4Q 2015
In 4Q 2015, mortgage delinquencies registered a drop to 4.77% in the US. Mortgage delinquencies had recorded a level of 4.99% in the prior quarter.
US initial jobless claims eased surprisingly in the last week
The seasonally adjusted initial jobless claims recorded an unexpected drop to 262.00 K in the week ended 13 February 2016, in the US, compared to market expectations of a rise to 275.00 K. In the previous week, initial jobless claims had recorded a reading of 269.00 K.
US continuing jobless claims climbed in the last week
The seasonally adjusted continuing jobless claims registered a rise to 2273.00 K in the US, in the week ended 06 February 2016, compared to market expectations of an advance to 2250.00 K. In the prior week, continuing jobless claims had recorded a revised level of 2243.00 K.
US mortgage foreclosures recorded a decline in 4Q 2015
In the US, mortgage foreclosures recorded a drop to 1.77% in 4Q 2015. Mortgage foreclosures had recorded a level of 1.88% in the previous quarter.
US leading indicator dropped as expected in January
On a monthly basis, leading indicator eased 0.20% in the US, in January, meeting market expectations. Leading indicator had dropped by a revised 0.30% in the previous month.
Canadian wholesale sales advanced more than expected in December
Wholesale sales advanced 2.00% on a MoM basis in December, in Canada, higher than market expectations for a rise of 0.20%. In the previous month, wholesale sales had recorded a revised rise of 1.90%.
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