Guardian Stockbrokers Key Economic News Wednesday 1 August 2018

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

Euro-zone CPI advanced more than expected in July

In the Euro-zone, the preliminary consumer price index (CPI) recorded a rise of 2.10% in July on a YoY basis, more than market expectations for an advance of 2.00%. The CPI had registered a climb of 2.00% in the prior month.

Euro-zone GDP rose less than expected in 2Q 2018

In the Euro-zone, the seasonally adjusted gross domestic product (GDP) rose 0.30% on a quarterly basis in 2Q 2018, compared to a rise of 0.40% in the previous quarter. Markets were expecting GDP to climb 0.40%.

Euro-zone unemployment rate remained unchanged in June

In the Euro-zone, the unemployment rate remained flat at 8.30% in June. Market anticipation was for the unemployment rate to remain unchanged.

German unemployment rate remained steady in July

The seasonally adjusted unemployment rate in Germany remained unchanged at 5.20% in July, at par with market expectations.

US consumer confidence index advanced surprisingly in July

In the US, the consumer confidence index unexpectedly advanced to a level of 127.40 in July, higher than market expectations of a drop to a level of 126.00. The index had registered a revised reading of 127.10 in the prior month.

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