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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Germany’s GDP rose more than expected in 4Q 2020
In Germany, the seasonally adjusted final GDP registered a rise of 0.30% on a QoQ basis in 4Q 2020, compared to a rise of 8.50% in the previous quarter. Markets were anticipating GDP to advance 0.10%.
US new home sales advanced more than forecast in January
In the US, new home sales climbed 4.30% on a MoM basis in January, compared to a revised rise of 5.50% in the previous month. Markets were anticipating new home sales to rise 2.10%.
US mortgage applications fell in the week ended 19 February 2021
In the US, the number of mortgage applications dropped 11.40% on a weekly basis in the week ended 19 February 2021, compared to a drop of 5.10% in the prior week.
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