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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German current account surplus unexpectedly widened in November
In Germany’s current account surplus unexpectedly widened to €16.90 billion in November, compared to a revised balance of €5.70 billion in the prior month. Markets were expecting current account surplus to narrow to €4.70 billion.
US CPI climbed as anticipated in December
In the US, the consumer price index (CPI) rose 6.50% on a YoY basis in December, at par with market anticipations and compared to a rise of 7.10% in the previous month.
US initial jobless claims unexpectedly declined in the week ended 06 January 2023
In the US, initial jobless claims unexpectedly dropped to 205.00 K in the week ended 06 January 2023, compared to a revised level of 206.00 K in the prior week.
US monthly budget deficit narrowed less than anticipated in December
In the US, monthly budget deficit narrowed to $85.00 billion in December, compared to a deficit of $249.00 billion in the previous month. Market anticipations were for monthly budget deficit to narrow to $70.00 billion.
China trade surplus widened more than expected in December
In China, trade surplus widened to $78.00 billion in December, compared to a surplus of $69.84 billion in the prior month. Markets were expecting trade surplus to widen to $76.20 billion.
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