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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer confidence index dropped in March
In the UK, the consumer confidence index recorded a drop to a level of -9.00 in March, compared to market expectations of a drop to a level of -14.00. In the prior month, the index had recorded to a reading of -7.00.
UK number of mortgage approvals for house purchases unexpectedly rose in February
In the UK, number of mortgage approvals for house purchases unexpectedly rose to a level of 73.55 K in February, compared to a revised to a level of 71.34 K in the prior month.
Euro-zone consumer confidence index dropped in March
In the Euro-zone, the final consumer confidence index fell to a level of -11.60 in March. The index had registered a level of -6.60 in the prior month.
Euro-zone economic sentiment indicator dropped in March
In the Euro-zone, the economic sentiment indicator dropped to a level of 94.50 in March, compared to market expectations of a fall to a reading of 90.60. The economic sentiment indicator had recorded a revised reading of 103.40 in the prior month.
US Dallas Fed manufacturing business index unexpectedly dropped in March
In the US, the Dallas Fed manufacturing business index unexpectedly eased to a level of -70.00 in March, compared to market expectations of an advance to 6.20. The index had recorded a level of 1.20 in the prior month.
US pending home sales unexpectedly climbed in February
In the US, pending home sales climbed 2.40% on a MoM basis in February, compared to a revised advance of 5.30% in the previous month. Markets were anticipating pending home sales to drop 0.30%.
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