Guardian Stockbrokers Key Economic News Friday 26 February 2021

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

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Euro-zone consumer confidence index rose in February

In the Euro-zone, the final consumer confidence index rose to a level of -14.80 in February, meeting market expectations and compared to a revised level of -15.50 in the prior month.

Euro-zone economic sentiment indicator rose more than expected in February

In the Euro-zone, the economic sentiment indicator recorded a rise to 93.40 in February, compared to a level of 91.50 in the prior month. Market expectations were for the economic sentiment indicator to climb to 92.00.

German consumer confidence index advanced more than anticipated in March

In Germany, the consumer confidence index advanced to a level of -12.90 in March, compared to a revised reading of -15.50 in the prior month. Markets were expecting the index to record an advance to a level of -14.30.

US annualised GDP climbed less than expected in 4Q 2020

In the US, the second estimate of annualised GDP registered a rise of 4.10% on a QoQ basis in 4Q 2020, compared to an advance of 33.40% in the previous quarter. Markets were expecting the GDP to record an advance of 4.20%.

US number of initial jobless claims dropped more than anticipated in the week ended 19 February 2021

In the US, the seasonally adjusted number of initial jobless claims registered a drop to 730.00 K in the week ended 19 February 2021, compared to a revised reading of 841.00 K in the previous week. Markets were expecting the initial jobless claims to record a drop to 838.00 K.

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