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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK new car registrations recorded a drop in June
On an annual basis, new car registrations in the UK registered a drop of 0.80% in June. New car registrations had registered a rise of 2.50% in the previous month.
UK business barometer dropped in June
The business barometer registered a drop to 6.00 in June, in the UK. The business barometer had registered a reading of 32.00 in the previous month.
German factory orders remained flat in May
In May, the seasonally adjusted factory orders in Germany, remained steady on a MoM basis, lower than market expectations for a rise of 1.00%. Factory orders had registered a revised drop of 1.90% in the prior month.
German factory orders surprisingly fell in May
On an annual basis, the non-seasonally adjusted factory orders unexpectedly dropped 0.20% in Germany, in May, lower than market expectations for an advance of 0.90%. Factory orders had recorded a revised drop of 0.40% in the prior month.
Spanish calendar adjusted industrial output advanced less than expected in May
In Spain, the calendar adjusted industrial output advanced 1.00% on an annual basis in May, lower than market expectations for a rise of 2.20%. In the previous month, the calendar adjusted industrial output had recorded a revised rise of 2.60%.
US Fed minutes showed worries about Brexit and job slowdown
According to minutes of the US Federal Reserve’s (Fed) June 14-15 meeting, international economic uncertainty and a “surprisingly weak” US employment report for May helped persuade the Federal Reserve (Fed) officials to hold back on plans to raise interest rate. The policymakers also felt that it was prudent to wait for additional data on the consequences of the UK vote.
US Markit services PMI climbed surprisingly in June
The final Markit services PMI in the US recorded an unexpected rise to 51.40 in June, higher than market expectations of a steady reading. The preliminary figures had recorded a flat reading. In the prior month, Markit services PMI had recorded a reading of 51.30.
US non-manufacturing PMI climbed in June
In the US, the non-manufacturing PMI registered a rise to 56.50 in June, compared to market expectations of a rise to 53.30. In the previous month, the non-manufacturing PMI had recorded a level of 52.90.
US Markit composite PMI advanced in June
In June, the final Markit composite PMI in the US climbed to 51.20, compared to a reading of 50.90 in the prior month. The preliminary figures had also recorded an advance to 51.20.
US Redbook index registered a rise in the last week
In the US, the Redbook index advanced 0.60% on an annual basis, in the week ended 01 July 2016. The Redbook index had recorded a rise of 0.50% in the prior week.
US Redbook index declined in the last week
The seasonally adjusted Redbook index eased 0.90% on a monthly basis, in the week ended 01 July 2016, in the US. In the prior week, the Redbook index had registered a similar fall.
US trade deficit widened in May
In May, trade deficit in the US rose to $41.10 billion, from a trade deficit of $37.40 billion in the previous month. Markets were expecting the nation to record a trade deficit of $40.00 billion.
US mortgage applications registered a rise in the last week
In the US, mortgage applications advanced 14.20% on a weekly basis, in the week ended 01 July 2016. In the previous week, mortgage applications had fallen 2.60%.
Canadian international merchandise trade deficit declined in May
The international merchandise trade deficit in Canada fell to C$3.28 billion in May, compared to market expectations of an international merchandise trade deficit of C$2.70 billion. Canada had posted a revised international merchandise trade deficit of C$3.32 billion in the previous month.
Japanese foreign exchange reserves advanced in June
In Japan, foreign exchange reserves recorded a rise to $1265.40 billion in June, compared to a reading of $1254.00 billion in the prior month.
Japanese investors became net buyers of foreign bonds in the previous week
Japanese investors remained net buyers of ¥428.20 billion worth of foreign bonds in the week ended 01 July 2016, from being net buyers of a revised ¥400.00 billion worth of foreign bonds in the prior week.
Foreign investors turned net buyers of Japanese stocks in the previous week
Foreign investors turned net buyers of ¥113.90 billion worth of Japanese stocks in the week ended 01 July 2016, from being net sellers of a revised ¥172.20 billion worth of Japanese stocks in the previous week.
Foreign investors turned net buyers of Japanese bonds in the previous week
Foreign investors turned net buyers of ¥244.30 billion worth of Japanese bonds in the week ended 01 July 2016, as compared to being net sellers of ¥2157.50 billion worth of Japanese bonds in the prior week.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥210.20 billion worth of foreign stocks in the week ended 01 July 2016, from being net buyers of a revised ¥188.70 billion worth of foreign stocks in the prior week.
Japanese average office vacancies in Tokyo climbed in June
On a MoM basis, average office vacancies in Tokyo registered a rise of 4.07% in June, in Japan. Average office vacancies in Tokyo had climbed 4.05% in the prior month.
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