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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices unexpectedly climbed in July
On a MoM basis, the seasonally adjusted house prices in the UK registered an unexpected rise of 0.50% in July, compared to an advance of 0.20% in the prior month. Market expectation was for house prices to record a flat reading.
UK consumer confidence recorded a drop in July
The consumer confidence registered a drop to -12.00 in July, in the UK, compared to a level of -1.00 in the previous month. Markets were expecting the consumer confidence to ease to -8.00.
UK house prices rose more than expected in July
The non-seasonally adjusted house prices in the UK rose 5.20% on an annual basis in July, higher than market expectations for a rise of 4.50%. In the previous month, house prices had registered a rise of 5.10%.
Euro-zone services sentiment indicator rose surprisingly in July
The services sentiment indicator in the Euro-zone registered an unexpected rise to a level of 11.10 in July, higher than market expectations of a drop to 10.30. The services sentiment indicator had recorded a revised reading of 10.90 in the previous month.
Euro-zone consumer confidence index declined in July
In July, the final consumer confidence index in the Euro-zone fell to a level of -7.90, meeting market expectations. The preliminary figures had also recorded a fall to -7.90. In the previous month, the consumer confidence index had registered a revised reading of -7.20.
Euro-zone economic sentiment indicator advanced surprisingly in July
The economic sentiment indicator in the Euro-zone recorded an unexpected rise to 104.60 in July, compared to a reading of 104.40 in the previous month. Market anticipation was for the economic sentiment indicator to fall to 103.50.
Euro-zone industrial confidence index registered an unexpected rise in July
In July, the industrial confidence index recorded an unexpected rise to a level of -2.40 in the Euro-zone, compared to a reading of -2.80 in the prior month. Market anticipation was for the industrial confidence index to fall to a level of -3.30.
Euro-zone business climate indicator advanced unexpectedly in July
In July, the business climate indicator climbed unexpectedly to a level of 0.39 in the Euro-zone, compared to a reading of 0.22 in the previous month. Market anticipation was for the business climate indicator to fall to 0.17.
German number of people unemployed fell more than expected in July
The number of people unemployed in Germany dropped 7.00 K in July, more than market expectations for a fall of 4.00 K. The number of people unemployed had dropped 6.00 K in the previous month.
German HICP advanced more than expected in July
On a monthly basis in Germany, the flash harmonised consumer price index (HICP) advanced 0.40% in July, compared to an advance of 0.10% in the previous month. Markets were expecting the HICP to advance 0.30%.
German CPI advanced more than expected in July
In July, the flash consumer price index (CPI) climbed 0.30% in Germany, on a monthly basis, higher than market expectations for a rise of 0.20%. The CPI had advanced 0.10% in the prior month.
German unemployment rate remained flat in July
The seasonally adjusted unemployment rate remained flat at 6.10% in July, in Germany. Markets were expecting unemployment rate to record a steady reading.
Italian wage inflation registered a rise in June
In Italy, the wage inflation advanced to 0.20% in June. In the prior month, the wage inflation had registered a level of 0.00%.
Spanish unemployment rate declined in 2Q 2016
In 2Q 2016, unemployment rate registered a drop to 20.00% in Spain, compared to market expectations of a fall to a level of 20.30%. In the prior quarter, unemployment rate (survey) had recorded a level of 21.00%.
US initial jobless claims rose in the last week
The seasonally adjusted initial jobless claims in the US advanced to 266.00 K in the week ended 23 July 2016, compared to market expectations of a rise to a level of 262.00 K. In the prior week, initial jobless claims had registered a revised level of 252.00 K.
US continuing jobless claims advanced in the last week
In the week ended 16 July 2016, the seasonally adjusted continuing jobless claims in the US registered a rise to 2139.00 K, compared to a revised reading of 2132.00 K in the previous week. Markets were expecting continuing jobless claims to climb to a level of 2136.00 K.
US Kansas City Fed manufacturing activity index registered an unexpected drop in July
The Kansas City Fed manufacturing activity index eased unexpectedly to a level of -6.00 in July, in the US, compared to a reading of 2.00 in the prior month. Market anticipation was for the Kansas City Fed manufacturing activity index to advance to a level of 4.00.
BoJ expanded ETF buying and, kept interest rate unchanged
The Bank of Japan (BoJ) expanded the purchase of exchange-rated funds (ETF) to ¥6.0 trillion from ¥3.3 trillion. However, the central bank held the key interest rate steady at -0.1% and maintained its monetary base at an annual pace of ¥80 trillion.
Japanese retail trade fell more than expected in June
In June, on a YoY basis, retail trade in Japan fell 1.40%, more than market expectations for a drop of 1.20%. Retail trade had fallen by a revised 2.10% in the prior month.
Japanese industrial production dropped less than expected in June
On a YoY basis, the preliminary industrial production registered a drop of 1.90% in Japan, in June, less than market expectations for a drop of 2.90%. In the prior month, industrial production had recorded a drop of 0.40%.
Japanese National CPI ex-food, energy advanced less than expected in June
National CPI ex-food, energy in Japan rose 0.40% in June on a YoY basis, compared to a rise of 0.60% in the previous month. Market expectation was for National CPI ex-food, energy to climb 0.50%.
Japanese large retailer’s sales dropped more than expected in June
On a monthly basis, large retailer’s sales recorded a drop of 1.50% in Japan, in June, more than market expectations for a fall of 0.80%. Large retailer’s sales had registered a drop of 2.20% in the previous month.
Japanese household spending declined more than expected in June
On an annual basis, household spending eased 2.20% in Japan, in June, compared to a fall of 1.10% in the prior month. Market anticipation was for household spending to drop 0.40%.
Japanese retail trade advanced less than expected in June
On a monthly basis, retail trade in Japan recorded a rise of 0.20% in June, compared to a revised fall of 0.10% in the prior month. Markets were expecting retail trade to advance 0.30%.
Japanese National CPI ex-fresh food fell more than expected in June
In June, on an annual basis, National CPI ex-fresh food dropped 0.50% in Japan, more than market expectations for a drop of 0.40%. National CPI ex-fresh food had recorded a drop of 0.40% in the prior month.
Japanese unemployment rate eased surprisingly in June
Unemployment rate recorded an unexpected drop to a level of 3.10% in June, in Japan, compared to a level of 3.20% in the prior month. Market expectation was for unemployment rate to record a steady reading.
Japanese national CPI dropped as expected in June
On an annual basis, in June, the national CPI fell 0.40% in Japan, at par with market expectations. The national CPI had registered a similar fall in the previous month.
Japanese industrial production advanced more than expected in June
The flash industrial production recorded a rise of 1.90% in Japan on a MoM basis in June, more than market expectations for a rise of 0.50%. In the prior month, industrial production had dropped 2.60%.
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