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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net borrowing posted a surplus in February
In the UK, public sector net borrowing posted a surplus of £0.40 billion in February, following a surplus of £12.40 billion in the prior month. Market expectations were for public sector net borrowing to show a deficit of £0.85 billion.
Euro-zone current account surplus widened in January
In the Euro-zone, the seasonally adjusted current account surplus widened to €34.70 billion in January, less than market expectations of a current account surplus of €35.50 billion in the previous month. Market anticipation was for the region to post a current account surplus of €32.60 billion.
US existing home sales advanced in February
In the US, existing home sales registered a rise of 6.5% on a MoM basis in February, compared with market expectations of a rise of 0.7%. Existing home sales had recorded a drop of 1.3% in the previous month.
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