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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
BoE’s Haldane signalled readiness to vote for interest rate rise
The Bank of England’s (BoE) Chief Economist, Andy Haldane indicated that he is ready to vote for an increase in interest rates “relatively soon”, as this could help prevent the central bank from falling behind the curve and tightening too fast in the future.
UK public sector net borrowing reported a deficit in May
In the UK, the public sector net borrowing has reported a deficit £6.00 billion in May, from a revised deficit of £8.70 billion in the prior month. Market anticipation was for public sector net borrowing to show a deficit of £7.00 billion.
UK public sector net cash requirement reported a deficit in May
Public finances (public sector net cash requirement) has reported a deficit £10.50 billion in May, in the UK, following a revised surplus of £15.30 billion in the previous month.
UK public sector net borrowing reported a deficit in May
In the UK, the public sector net borrowing (excluding temporary effects of financial interventions) has reported a deficit of £6.70 billion in May, as compared to a revised deficit of £9.40 billion in the prior month. Market anticipation was for public sector net borrowing to show a deficit of £6.80 billion.
Swiss M3 money supply rose in May
M3 money supply climbed 4.10% in Switzerland on a YoY basis, in May. In the previous month, M3 money supply had risen 3.00%.
US mortgage applications rose in the last week
On a weekly basis, mortgage applications registered a rise of 0.60% in the week ended 16 June 2017, in the US. Mortgage applications had risen 2.80% in the previous week.
US existing home sales unexpectedly climbed in May
In May, existing home sales unexpectedly advanced by 1.10%, on monthly basis, to a level of 5.62 million in the US, higher than market expectations of 5.55 million. Existing home sales had recorded a reading of 5.57 million in the previous month.
Japanese supermarket sales declined in May
In Japan, supermarket sales recorded a drop of 1.80% in May on a YoY basis. In the prior month, supermarket sales had climbed 0.60%.
Foreign investors turned net buyers of Japanese stocks in the previous week
Foreign investors turned net buyers of ¥331.60 billion worth of Japanese stocks in the week ended 16 June 2017, from being net sellers of ¥143.10 billion worth of Japanese stocks in the prior week.
Japanese investors remained net buyers of foreign bonds in the previous week
Japanese investors were net buyers of ¥1090.10 billion worth of foreign bonds in the week ended 16 June 2017, from being net buyers of a revised ¥526.60 billion worth of foreign bonds in the previous week.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors remained net buyers of ¥367.10 billion worth of foreign stocks in the week ended 16 June 2017, from being net buyers of ¥50.40 billion worth of foreign stocks in the prior week.
Japanese all industry activity index rose more than expected in April
The all industry activity index recorded a rise of 2.10% on a monthly basis in Japan, in April, more than market expectations for an advance of 1.60%. The all industry activity index had fallen by a revised 0.70% in the prior month.
Foreign investors remained net buyers of Japanese bonds in the previous week
Foreign investors were net buyers of ¥601.80 billion worth of Japanese bonds in the week ended 16 June 2017, as compared to being net buyers of ¥309.60 billion worth of Japanese bonds in the previous week.
Japanese machine tool orders rose in May
The final machine tool orders rose 24.50% on an annual basis, in May, in Japan. Machine tool orders had risen 34.70% in the previous month. The preliminary figures had recorded a rise of 24.40%.
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