The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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Euro-zone trade surplus narrowed in May
The seasonally adjusted trade surplus in the Euro-zone dropped to €16.90 billion in May, compared to a revised trade surplus of €18.00 billion in the previous month. Markets were expecting the region to record a trade surplus of €18.60 billion.
US NY Empire State manufacturing index dropped in July
In the US, the NY Empire State manufacturing index registered a drop to a reading of 22.60 in July, compared to market expectations of a drop to a level of 21.00. The index had registered a reading of 25.00 in the previous month.
US advance retail sales rose as expected in June
Advance retail sales in the US recorded a rise of 0.50% on a monthly basis in June, compared to a revised rise of 1.30% in the previous month. Markets were expecting advance retail sales to advance 0.50%.
Canadian existing home sales advanced more than expected in June
Existing home sales in Canada advanced 4.10% on a monthly basis, in June, compared to a drop of 0.10% in the previous month. Markets were anticipating existing home sales to rise 1.70%.
Japanese Tokyo condominium sales advanced in June
On an annual basis, Tokyo condominium sales registered a rise of 16.40% in Japan, in June. In the previous month, Tokyo condominium sales had recorded a drop of 5.40%
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