The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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UK CBI Business Optimism rose in 3Q 2016
Pessimism among London businesses for the next six months has increased, with a net 47.00% of firms showing pessimism about their business prospects in 3Q 2016, as compared to a net 5.00% of firms that showed pessimism in the previous quarter. Market expectation was for a net 15.00% of firms to show pessimism about their future business prospects.
UK CBI trends selling prices registered a rise in July
CBI trends selling prices in the UK climbed to 5.00 in July. In the prior month, CBI trends selling prices had recorded a level of 1.00.
UK balance of firms reporting total order book above normal dropped in July
Compared to a reading of -2.00 in the prior month the balance of firms reporting total order book above normal fell to a level of -4.00 in July, in the UK. Markets were anticipating the balance of firms reporting total order book above normal to ease to -6.00.
German Ifo business expectations index eased in July
The Ifo business expectations index dropped to 102.20 in Germany, in July, compared to market expectations of a drop to a level of 101.60. The Ifo business expectations index had registered a reading of 103.10 in the previous month.
German Ifo current assessment index advanced surprisingly in July
Compared to a revised level of 114.60 in the prior month the Ifo current assessment index advanced unexpectedly to a level of 114.70 in Germany, in July. Market anticipation was for the Ifo current assessment index to drop to a level of 114.00.
German Ifo business climate index dropped in July
In July, the Ifo business climate index in Germany dropped to 108.30, higher than market expectations of a drop to a level of 107.50. The Ifo business climate index had registered a reading of 108.70 in the prior month.
US Dallas Fed manufacturing business index climbed in July
In July, the Dallas Fed manufacturing business index advanced to -1.30 in the US, compared to a reading of -18.30 in the previous month. Market expectation was for the Dallas Fed manufacturing business index to climb to -10.00.
Japanese coincident index dropped in May
The final coincident index recorded a drop to 109.90 in May, in Japan. In the prior month, the coincident index had registered a reading of 112.00. The preliminary figures had recorded a drop to 110.50.
Japanese leading economic index fell in May
In May, the final leading economic index registered a drop to 99.70 in Japan. The leading economic index had registered a reading of 100.00 in the prior month. The preliminary figures had recorded a steady reading.
Japanese corporate service price index rose more than expected in June
On a YoY basis, in Japan, the corporate service price index rose 0.20% in June, compared to a similar rise in the prior month. Markets were anticipating the corporate service price index to advance 0.10%.
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