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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BBA mortgage approvals surprisingly climbed in January
In the UK, BBA mortgage approvals recorded an unexpected rise to a level of 40.63 K in January, compared to a revised level of 39.35 K in the prior month. Markets were anticipating BBA mortgage approvals to ease to a reading of 38.44 K.
German consumer confidence index steadied in March
The consumer confidence index in Germany remained unchanged at a level of 10.80 in March. Markets were anticipating the index to record a steady reading.
US building permits unexpectedly rose in December
Building permits in the US recorded an unexpected rise of 0.30%, on MoM basis, to an annual rate of 1326.00 K in December, higher than market expectations of 1290.00 K. Building permits had recorded a revised reading of 1322.00 K in the prior month.
US CB consumer confidence index climbed in February
The CB consumer confidence index in the US climbed to a level of 131.40 in February, compared to a revised reading of 121.70 in the prior month. Markets were expecting the index to climb to a reading of 124.90.
US housing starts surprisingly eased in December
In the US, housing starts unexpectedly eased by 11.20%, on MoM basis, to an annual rate of 1078.00 K in December, compared to market expectations of 1256.00 K. In the previous month, housing starts had recorded a revised reading of 1214.00 K.
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