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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
US trade deficit dropped in February
In the US, trade deficit narrowed to $39.90 billion in February, following a trade deficit of $45.50 billion in the prior month. Markets were expecting the nation’s a trade deficit to narrow to $40.00 billion.
US factory orders remained flat in February
In the US, factory orders remained flat on a MoM basis in February, less than market expectations for a rise of 0.20%. In the prior month, factory orders had fallen 0.50%.
US initial jobless claims rose in the last week
In the US, the seasonally adjusted number of initial jobless claims rose to a level of 6648.00 K in the week ended 28 March 2020, compared to a reading of 3283.00 K in the previous week. Markets were expecting number of initial jobless claims to advance to a level of 3500.00 K.
Japan services PMI dropped in March
In Japan, the final services PMI eased to a level of 33.80 in March, less than market expectations for a fall to a reading of 32.70. In the previous month, services PMI had registered a level of 46.80.
Chinese services PMI rose in March
In China, the services PMI index rose to a level of 43.00 in March. The services PMI index had recorded a level of 26.50 in the prior month.
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