Guardian Stockbrokers Key Economic News Thursday 7 February 2019

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


German factory orders unexpectedly declined in December

The seasonally adjusted factory orders in Germany recorded an unexpected drop of 1.60% on a monthly basis in December, lower than market expectations for a rise of 0.30%. In the prior month, factory orders had recorded a revised drop of 0.20%.

US mortgage applications dropped in the last week

On a weekly basis, the MBA mortgage applications in the US dropped 2.50% in the week ended 01 February 2019. Mortgage applications had recorded a drop of 3.00% in the prior week.

US trade deficit narrowed in November

In the US, trade deficit narrowed to $49.30 billion in November, following a deficit of $55.50 billion in the prior month. Market anticipation was for the nation to record a trade deficit of $54.00 billion.

Canadian Ivey PMI dropped in January

The seasonally adjusted Ivey PMI in Canada fell to a level of 54.70 in January. In the previous month, the index had recorded a reading of 59.70.

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