Guardian Stockbrokers Key Economic News Wednesday 29 January 2020

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

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UK CBI distributive trade survey’s retail sales balance remained steady in January

In the UK, the CBI distributive trade survey’s retail sales balance remained flat at a level of 0.00% in January, compared to market expectations of a rise to a level of 3.00%.

US durable goods orders advanced more than expected in December

In the US, the preliminary durable goods orders advanced 2.40% on a MoM basis in December, higher than market expectations for an advance of 0.50%. In the prior month, durable goods orders had registered a drop of 2.10%.

US consumer confidence index rose in January

In the US, the CB consumer confidence index rose to a level of 131.60 in January. In the previous month, the index had registered a revised to a reading of 128.20.

US Richmond Fed manufacturing index rose in January

In the US, the Richmond Fed manufacturing index registered a rise to a level of 20.00 in January, higher than market expectations of a rise to 9.00. In the prior month, the index had recorded to a reading of -5.00.

Australian Westpac leading index advanced in December

In Australia, the Westpac leading index climbed 0.05% on a MoM basis in December. In the prior month, the index had registered a revised drop of 0.02%.

Australian CPI rose more than expected in 4Q 2019

In Australia, the consumer price index (CPI) recorded a rise of 0.70

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