US Q4 prelim GDP revised down to 2.2%

The prelim Q4 GDP grew 2.2%, revised down from the previous 2.6%.

The official report can be found here while Bloomberg has a article that is easier to understand.

German prelim CPI at 0.9%

The inflation rate in Germany measured by the consumer price index (CPI) is expected to rise by 0.1% in February 2015. Prices are expected to increase by 0.9% in January.

The inflation press release can be obtained here.

ANZ up

The ANZ business confidence in New Zealand gained 4 points to 34.4, compared to last month`s 30.4.

The business outlook report can be found here

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US CPI a mixed bag, unemployment claims worsen this week

Core consumer price inflation (CPI) grew by 0.2%, double of the estimated growth. This is a solid improvement after the prior period`s contraction of 0.3%.

CPI though missed estimates slightly by slowing down by 0.7%. Economists were predicting a deceleration of  0.6%, worse than last month`s contraction of 0.4%.

The full inflation report can be found here.

The weekly unemployment claims worsen to 313 thousand this week, up from last week`s 282 thousand. The report can be obtained here.

UK`s second estimate GDP remained at 0.5%

The second estimate of UK`s GDP was unchanged at 0.5%.

The GDP statement can be found here.

Australia`s private capital expenditure fell by 2.2%

Private capital expenditure in December tumbled by 2.2%. It was estimated for the expenditure to only drop by 1.6%.

The report can be obtained here.

NZ`s posted a surplus led by low dairy prices

New Zealand posted a trade surplus in January of $ 56 million, beating the estimated deficit of $ 162 million. However, total exports were down by 9% compared to January 2014. Dairy exports drove the fall although quantity wise, dairy rose by 2.9%.

The full report can be found here.

ECB`s annual report

Mario Draghi`s speech at the European Parliament regarding the ECB`s annual report can be found here.

US new home sales beat forecasts

New home sales in January recorded 481 thousand purchases, more than the estimated 471 thousand. This is slightly lower than December`s 482 thousand new sales.

Bloomberg has a write up about this.

Janet Yellen`s testimony continues

Her report to the congress can be found here.