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