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Guardian Stockbrokers Key Economic News Wednesday 30 Mar 2016

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

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Euro-zone private sector loans advanced in February

On a YoY basis, private sector loans advanced 1.60% in February, in the Euro-zone. In the prior month, private sector loans had recorded a rise of 1.40%.

Euro-zone three-month average of M3 money supply rose in the December-February 2016 period

In the Euro-zone, the three-month average of M3 money supply advanced 4.90% in the December-February 2016 period on a YoY basis. In the November-January 2016 period, the three-month average of M3 money supply had registered a similar rise.

Euro-zone M3 money supply rose as expected in February

M3 money supply registered a rise of 5.00% on an annual basis in February, in the Euro-zone, compared to a similar rise in the previous month. Market anticipation was for M3 money supply to advance 5.00%.

Italian consumer confidence index climbed surprisingly in March

The consumer confidence index registered an unexpected rise to 115.00 in Italy, in March, higher than market expectations of a fall to 114.00. In the prior month, the consumer confidence index had recorded a reading of 114.50.

Italian business confidence index climbed in March

In March, the business confidence index in Italy rose to a level of 102.20, compared to market expectations of an advance to a level of 102.40. In the prior month, the business confidence index had recorded a level of 102.00.

Yellen says Fed to move cautiously on rate hikes

Speaking to the Economic Club of New York, the US Fed Chairwoman, Janet Yellen stated that the US economy has remained remarkably resilient despite the turbulence in financial markets early this year. However, she expressed particular concern about the risks posed by China’s slowdown and an oil industry downturn. She indicated that it would be appropriate for the Fed Committee to proceed cautiously in adjusting monetary policy as such risks are significant in terms of the US economic growth outlook.

US S&P/Case-Shiller home price index dropped surprisingly in January

The S&P/Case-Shiller home price index in the US fell unexpectedly to 182.56 in January, compared to a revised reading of 182.59 in the previous month. Market expectation was for the S&P/Case-Shiller home price index to rise to 182.74.

US Redbook index advanced in the last week

The Redbook index in the US registered a rise of 1.50% in the week ended 25 March 2016 on an annual basis. In the previous week, the Redbook index had climbed 0.80%.

US S&P/Case-Shiller composite index of 20 metropolitan areas advanced more than expected in January

On a monthly basis, the seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas in the US recorded a rise of 0.80% in January, more than market expectations for an advance of 0.70%. In the prior month, the S&P/Case-Shiller composite index of 20 metropolitan areas had advanced by a revised 0.78%.

US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas advanced more than expected in January

The S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas in the US registered a rise of 5.75% in January on a YoY basis, compared to a revised advance of 5.65% in the previous month. Market anticipation was for the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas to advance 5.73%.

US Redbook index rose in the last week

The seasonally adjusted Redbook index registered a rise of 3.10% in the US on a MoM basis, in the week ended 25 March 2016. The Redbook index had recorded a rise of 2.90% in the prior week.

US CB consumer confidence index rose unexpectedly in March

In March, the CB consumer confidence index recorded an unexpected rise to a level of 96.20 in the US, compared to market expectations of an unchanged reading. The CB consumer confidence index had recorded a revised reading of 94.00 in the previous month.

Canadian raw material price index fell more than expected in February

The raw material price index eased 2.60% on a MoM basis in Canada, in February, more than market expectations for a fall of 0.90%. The raw material price index had registered a drop of 0.40% in the prior month.

Canadian industrial product price index fell more than expected in February

In Canada, the industrial product price index registered a drop of 1.10% on a MoM basis in February, more than market expectations for a fall of 0.20%. The industrial product price index had risen 0.50% in the previous month.

Japanese small business confidence index climbed in March

The small business confidence index advanced to 48.80 in March, in Japan, lower than market expectations of an advance to a level of 49.00. In the previous month, the small business confidence index had recorded a reading of 47.90.

Japanese industrial production dropped more than expected in February

In February, on a monthly basis, the preliminary industrial production in Japan registered a drop of 6.20%, compared to an advance of 3.70% in the prior month. Markets were anticipating industrial production to fall 5.90%.

Japanese vehicle production recorded a drop in February

Vehicle production in Japan fell 6.90% in February on a YoY basis. In the previous month, vehicle production had dropped 5.80%.

Japanese industrial production fell less than expected in February

The preliminary industrial production dropped 1.50% on a YoY basis in February, in Japan, less than market expectations for a drop of 1.70%. In the prior month, industrial production had fallen 3.80%.

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