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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
US NY Empire State manufacturing index recorded a decline in May
The NY Empire State manufacturing index fell to a level of -9.02 in the US, in May, compared to a level of 9.56 in the previous month. Markets were expecting the NY Empire State manufacturing index to fall to a level of 6.50.
US total net TIC flows recorded a drop in March
In March, total net TIC flows in the US eased to $98.30 billion. In the prior month, total net TIC flows had recorded a revised reading of $31.70 billion.
US net treasury international capital (TIC) long term purchases advanced in March
Net treasury international capital (TIC) long term purchases rose to a level of $78.10 billion in March, in the US. Net treasury international capital (TIC) long term purchases had recorded a revised reading of $72.60 billion in the prior month.
US housing market index remained flat in May
In May, the housing market index remained flat at a level of 58.00 in the US. Market expectation was for the housing market index to rise to 59.00.
Canadian existing home sales advanced in April
In Canada, existing home sales registered a rise of 3.10% in April on a monthly basis. Existing home sales had climbed 1.50% in the prior month.
Japanese machine tool orders recorded a drop in April
In Japan, the preliminary machine tool orders recorded a drop of 26.40% on an annual basis, in April. In the prior month, machine tool orders had recorded a drop of 21.20%.
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