Guardian Stockbrokers Key Economic News Thursday 26 March 2020

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

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UK CPI climbed in February

In the UK, the consumer price index (CPI) climbed 0.40% on a MoM basis in February. The CPI had fallen 0.30% in the previous month.

German Ifo business expectations index dropped in March

In German, the final Ifo business expectations index fell to a level of 79.70 in March, compared to a level of 93.40 in the prior month.

German Ifo current assessment index dropped in March

In Germany, the final Ifo current assessment index dropped to a level of 93.00 in March. The index had registered a reading of 98.90 in the previous month.

German Ifo business climate index dropped in March

In Germany, the final Ifo business climate index registered a drop to a level of 86.10 in March, compared to a reading of 96.10 in the prior month.

US durable goods orders unexpectedly rose in February

In the US, the preliminary durable goods orders recorded a rise of 1.20% on a MoM basis in February, more than market expectations for a drop of 0.80%. Durable goods orders had registered a drop of 0.20% in the previous month.

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