Guardian Stockbrokers Key Economic News Monday 18 March 2019

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

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German CPI advanced less than expected in February

The final consumer price index (CPI) in Germany rose 0.40% on a monthly basis, in February, less than market expectations for a rise of 0.50%. In the previous month, the CPI had registered a drop of 0.80%.

US initial jobless claims rose in the last week

In the US, the seasonally adjusted initial jobless claims climbed to a level of 229.00 K in the week ended 09 March 2019, compared to a level of 223.00 K in the previous week. Markets were anticipating initial jobless claims to climb to a reading of 225.00 K.

US new home sales dropped in January

New home sales in the US registered a drop of 6.90%, on monthly basis, to a level of 607.00 K in January, compared to a revised reading of 652.00 K in the previous month. Market anticipation was for new home sales to ease to a level of 622.00 K.

Canadian new housing price index surprisingly eased in January

On a MoM basis, the new housing price index in Canada unexpectedly dropped 0.10% in January, less than market expectations for an unchanged reading. The index had registered a flat reading in the prior month.

BoJ kept its monetary policy steady

The Bank of Japan (BoJ), at its March monetary policy meeting, left the benchmark interest rate steady at -0.10% and held the yield target for 10-year Japanese government bonds around 0.00%. However, the central bank issued a more downbeat assessment on the economy, citing concerns that global economic slowdown and intensified regional trade frictions are likely to diminish global Japanese export demand.

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