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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index fell in February
In the UK, the Halifax house price index fell 0.10% on a MoM basis in February, compared to a revised drop of 0.40% in the previous month.
German factory orders climbed more than expected in January
In Germany, the seasonally adjusted factory orders registered a rise of 1.40% on a MoM basis in January, compared to a revised drop of 2.20% in the prior month. Markets were expecting factory orders to record a rise of 0.70%.
US non-farm payrolls jumped more than anticipated in February
In the US, non-farm payrolls climbed by 379.00K in February, compared to a revised rise of 166.00K jobs in the previous month. Markets were expecting the non-farm payrolls to increase by 182.00K jobs.
US unemployment rate unexpectedly dropped in February
In the US, the unemployment rate unexpectedly dropped to 6.20% in February, compared to 6.30% in the previous month. Market expectations were for the unemployment rate to remain steady.
US average hourly earnings of all employees climbed as expected in February
In the US, average hourly earnings of all employees rose 0.20% on a MoM basis in February, in line with market expectations compared to a revised rise of 0.10% in the previous month.
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