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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
BoE’s Carney indicated support for rate rise if economy stays firm
The Bank of England (BoE) Governor, Mark Carney, indicated that policymakers will debate on the case for raising interest rates in the coming months if UK’s business investment begins to rise and offsets weaker consumption.
UK house prices rose more than expected in June
The non-seasonally adjusted house prices recorded a rise of 3.10% on a YoY basis in June, in the UK, more than market expectations for an advance of 1.90%. In the prior month, house prices had recorded a rise of 2.10%.
UK house prices rose more than expected in June
The seasonally adjusted house prices climbed 1.10% in the UK on a MoM basis in June, higher than market expectations for an advance of 0.10%. House prices had dropped 0.20% in the prior month.
Euro-zone M3 money supply advanced as expected in May
In May, on an annual basis, M3 money supply in the Euro-zone registered a rise of 5.00%, meeting market expectations. M3 money supply had climbed 4.90% in the previous month.
German import price index fell more than expected in May
In May, the import price index fell 1.00% in Germany, on a MoM basis, more than market expectations for a drop of 0.60%. The import price index had recorded a drop of 0.10% in the prior month.
German import price index advanced less than expected in May
In May, the import price index in Germany advanced 4.10% on an annual basis, compared to a rise of 6.10% in the previous month. Market anticipation was for the import price index to rise 4.60%.
French consumer confidence unexpectedly climbed in June
Consumer confidence in France registered an unexpected rise to a level of 108.00 in June, compared to a revised level of 103.00 in the prior month. Market anticipation was for consumer confidence to record a steady reading.
Italian CPI unexpectedly slid in June
In June, on a MoM basis, the flash consumer price index (CPI) unexpectedly dropped 0.10% in Italy, compared to a fall of 0.20% in the prior month. Market expectation was for the CPI to advance 0.10%.
Italian CPI advanced less than expected in June
The flash CPI advanced 1.20% on a YoY basis in Italy, in June, compared to an advance of 1.40% in the prior month. Markets were anticipating the CPI to climb 1.40%.
Italian PPI climbed in May
The producer price index (PPI) advanced 3.10% on an annual basis in Italy, in May. In the prior month, the PPI had advanced 4.40%.
Italian EU normalised CPI rose less than expected in June
In June, the flash EU normalised CPI registered a rise of 1.20% on an annual basis in Italy, lower than market expectations for a rise of 1.40%. The EU normalised CPI had advanced 1.60% in the previous month.
Italian PPI declined in May
In Italy, the PPI dropped 0.40% on a monthly basis, in May. In the previous month, the PPI had recorded a rise of 0.10%.
Italian EU normalised CPI unexpectedly slid in June
The preliminary EU normalised CPI unexpectedly dropped 0.20% in Italy, on a MoM basis in June, less than market expectations for a steady reading. In the previous month, the EU normalised CPI had fallen 0.10%.
Spanish retail sales rose more than expected in May
On a YoY basis, in Spain, retail sales registered a rise of 2.40% in May, higher than market expectations for a rise of 2.20%. Retail sales had registered a revised rise of 1.90% in the previous month.
Swiss UBS consumption indicator advanced in May
In May, UBS consumption indicator advanced to 1.39 in Switzerland. In the prior month, UBS consumption indicator had registered a revised reading of 1.34.
Swiss economic expectations index eased in June
Compared to a level of 30.80 in the previous month the economic expectations index recorded a drop to 20.70 in Switzerland, in June.
US pending home sales unexpectedly eased in May
In May, pending home sales unexpectedly eased 0.80% in the US on a MoM basis, compared to a revised fall of 1.70% in the prior month. Market expectation was for pending home sales to climb 1.00%.
US wholesale inventories advanced more than expected in May
In May, on a MoM basis, the seasonally adjusted flash wholesale inventories climbed 0.30% in the US, compared to a revised fall of 0.40% in the prior month. Market expectation was for the wholesale inventories to rise 0.20%.
US mortgage applications fell in the last week
Mortgage applications in the US dropped 6.20% in the week ended 23 June 2017 on a weekly basis. Mortgage applications had climbed 0.60% in the prior week.
US pending home sales advanced as expected in May
Pending home sales in the US climbed 0.50% in May on a YoY basis, meeting market expectations. In the prior month, pending home sales had registered a revised drop of 5.80%.
US advance goods trade deficit dropped in May
In May, advance goods trade deficit in the US fell to $65.90 billion, compared to a revised advance goods trade deficit of $67.10 billion in the previous month. Markets were expecting the nation to record advance goods trade deficit of $66.00 billion.
BoC’s Stephen Poloz signalled rate hike in July
The Bank of Canada (BoC) Governor, Stephen Poloz, stated that high unemployment and under utilisation of resources in the Canadian economy is now being absorbed “steadily” and that the central bank will take this into account when it issues a rate decision next month.
Japanese retail trade rose less than expected in May
Retail trade climbed 2.00% in Japan on an annual basis in May, lower than market expectations for an advance of 2.60%. In the previous month, retail trade had advanced 3.20%.
Foreign investors remained net sellers of Japanese bonds in the previous week
Foreign investors were net sellers of ¥1463.90 billion worth of Japanese bonds in the week ended 23 June 2017, as compared to being net sellers of a revised ¥602.30 billion worth of Japanese bonds in the previous week.
Japanese corporate loans & discounts rose in May
In May, on a YoY basis, corporate loans & discounts recorded a rise of 3.91% in Japan. Corporate loans & discounts had advanced 3.74% in the previous month.
Japanese retail trade dropped more than expected in May
In Japan, retail trade dropped 1.60% on a monthly basis in May, higher than market expectations for a fall of 1.00%. In the prior month, retail trade had registered a rise of 1.40%.
Japanese investors became net buyers of foreign bonds in the previous week
Japanese investors remained net buyers of ¥321.80 billion worth of foreign bonds in the week ended 23 June 2017, from being net buyers of a revised ¥1100.20 billion worth of foreign bonds in the prior week.
Foreign investors became net sellers of Japanese stocks in the previous week
Foreign investors remained net sellers of ¥26.30 billion worth of Japanese stocks in the week ended 23 June 2017, from being net sellers of a revised ¥317.60 billion worth of Japanese stocks in the prior week.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors remained net buyers of ¥366.10 billion worth of foreign stocks in the week ended 23 June 2017, from being net buyers of a revised ¥354.60 billion worth of foreign stocks in the previous week.
Japanese large retailer’s sales fell more than expected in May
On a MoM basis, in May, large retailer’s sales slid 0.60% in Japan, compared to a rise of 1.10% in the previous month. Market expectation was for large retailer’s sales to ease 0.50%.
Japanese small business confidence index rose in June
The small business confidence index in Japan recorded a rise to 49.20 in June, compared to a reading of 48.90 in the prior month. Markets were anticipating the small business confidence index to rise to a level of 49.20.
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