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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German CPI rose as expected in December
In Germany, the final consumer price index (CPI) climbed 1.50% on a YoY basis in December, compared to an advance of 1.10% in the prior month. Market anticipation was for the CPI to advance 1.50%.
US initial jobless claims unexpectedly dropped in the last week
In the US, the seasonally adjusted initial jobless claims unexpectedly fell to a level of 204.00 K in the week ended 11 January 2020, compared to market expectations of a rise to a level of 216.00 K. In the prior week, initial jobless claims had recorded to a reading of 214.00K.
US advance retail sales rose as expected in December
In the US, advance retail sales registered a rise of 0.30% on a MoM basis in December, meeting market expectations. Advance retail sales had registered a revised similar rise in the prior month.
US Philadelphia Fed manufacturing index climbed in January
In the US, Philadelphia Fed manufacturing index climbed to a level of 17.00 in January, compared to a level of 0.30 in the previous month. Market expectation was for index to rise to a level of 3.90.
Chinese GDP rose as expected in 4Q 2019
In China, Gross Domestic Product (GDP) rose 1.50% on a QoQ basis in 4Q 2019, meeting market expectations. GDP had registered a similar rise in the prior quarter.
Chinese retail sales advanced more than expected in December
Chinese retail sales recorded a rise of 8.00% on YoY basis in December, higher than market expectations for an advance of 7.80%. In the prior month, retail sales had registered a similar rise.
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