Hot Features
Premium
Register to chat with like-minded investors on our interactive forums.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
BoE unexpectedly kept interest rates unchanged
The Bank of England (BoE) stated that its Monetary Policy Committee has voted 8-1 to maintain the key interest rate unchanged at 0.50%, against market expectations of 25 basis points cut. However, the central bank has kept door open for a fresh round of stimulus next month.
Swiss producer and import price index fell as expected in June
The producer and import price index in Switzerland eased 1.00% in June on a YoY basis, compared to a drop of 1.20% in the prior month. Markets were expecting the producer and import price index to drop 1.00%.
Swiss producer and import price index advanced less than expected in June
On a monthly basis, the producer and import price index climbed 0.10% in Switzerland, in June, compared to a rise of 0.40% in the prior month. Market anticipation was for the producer and import price index to climb 0.20%.
US initial jobless claims remained flat in the last week
The seasonally adjusted initial jobless claims in the US remained unchanged at 254.00 K in the week ended 09 July 2016, lower than market expectations of an advance to a level of 265.00 K.
US continuing jobless claims climbed in the last week
The seasonally adjusted continuing jobless claims in the US registered a rise to 2149.00 K in the week ended 02 July 2016, higher than market expectations of an advance to a level of 2130.00 K. Continuing jobless claims had recorded a revised reading of 2117.00 K in the prior week.
US producer price recorded an unexpected rise in June
In June, on an annual basis, producer price in the US registered an unexpected rise of 0.30%, compared to a drop of 0.10% in the prior month. Markets were expecting producer price to record an unchanged reading.
US producer price (ex-food & energy) advanced more than expected in June
On a MoM basis, in June, producer price (ex-food & energy) climbed 0.40% in the US, higher than market expectations for a rise of 0.10%. In the prior month, producer price (ex-food & energy) had climbed 0.30%.
US producer price advanced more than expected in June
In June, on a MoM basis, producer price advanced 0.50% in the US, compared to an advance of 0.40% in the previous month. Markets were expecting producer price to climb 0.30%.
US producer price (ex-food & energy) advanced more than expected in June
On a YoY basis, in the US, producer price (ex-food & energy) rose 1.30% in June, more than market expectations for a rise of 1.00%. Producer price (ex-food & energy) had risen 1.20% in the prior month.
Canadian new housing price index advanced more than expected in May
On a MoM basis, the new housing price index advanced 0.70% in Canada, in May, more than market expectations for an advance of 0.20%. In the previous month, the new housing price index had advanced 0.30%.
Canadian new housing price index rose more than expected in May
In May, on a YoY basis, the new housing price index recorded a rise of 2.70% in Canada, compared to an advance of 2.10% in the prior month. Market anticipation was for the new housing price index to climb 2.20%.
Chinese retail sales rose more than expected in June
On an annual basis, retail sales in China recorded a rise of 10.60% in June, higher than market expectations for an advance of 9.90%. In the previous month, retail sales had registered a rise of 10.00%.
Chinese M1 money supply rose more than expected in June
On a YoY basis, M1 money supply climbed 24.60% in June, in China, higher than market expectations for an advance of 22.60%. In the previous month, M1 money supply had advanced 23.70%.
Chinese retail sales (YTD) advanced more than expected in June
In June, retail sales (YTD) climbed 10.30% on an annual basis in China, compared to a rise of 10.20% in the previous month. Market expectation was for retail sales (YTD) to rise 10.20%.
Chinese GDP rose more than expected in 2Q 2016
Gross domestic product (GDP) in China recorded a rise of 6.70% in 2Q 2016 on an annual basis, compared to a similar rise in the prior quarter. Markets were anticipating GDP to advance 6.60%.
Chinese GDP advanced more than expected in 2Q 2016
GDP rose 1.80% in China, on a QoQ basis in 2Q 2016, higher than market expectations for a rise of 1.60%. In the previous quarter, GDP had advanced by a revised 1.20%.
Chinese aggregate financing advanced in June
In June, aggregate financing in China recorded a rise to CNY 1630.00 billion, compared to a level of CNY 659.90 billion in the prior month. Markets were anticipating aggregate financing to rise to CNY 1100.00 billion.
Chinese industrial production (YTD) advanced more than expected in June
In June, industrial production (YTD) advanced 6.00% in China, on an annual basis, higher than market expectations for an advance of 5.90%. Industrial production (YTD) had registered a rise of 5.90% in the prior month.
Chinese fixed assets investment excl. rural YTD advanced less than expected in June
In June, fixed assets investment excl. rural YTD rose 9.00% in China, on an annual basis, lower than market expectations for a rise of 9.40%. Fixed assets investment excl. rural YTD had recorded a rise of 9.60% in the previous month.
Chinese industrial production rose more than expected in June
In June, industrial production registered a rise of 6.20% on an annual basis in China, compared to a rise of 6.00% in the prior month. Market anticipation was for industrial production to rise 5.90%.
Chinese M2 money supply advanced more than expected in June
M2 money supply in China rose 11.80% on an annual basis in June, higher than market expectations for a rise of 11.40%. In the previous month, M2 money supply had registered a similar rise.
Chinese M0 money supply rose more than expected in June
In June, on a YoY basis, M0 money supply in China registered a rise of 7.20%, higher than market expectations for a rise of 6.10%. M0 money supply had registered a rise of 6.30% in the previous month.
Chinese new Yuan loans climbed in June
New Yuan loans recorded a rise to CNY 1380.00 billion in China, in June, compared to a level of CNY 985.50 billion in the previous month. Market expectation was for new Yuan loans to rise to a level of CNY 1000.00 billion.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
