Guardian Stockbrokers Key Economic News Friday 14 June 2019

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

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Euro-zone industrial production fell as expected in April

In the Euro-zone, the seasonally adjusted industrial production recorded a drop of 0.50% on a MoM basis in April, at par with market expectations. Industrial production had dropped by a revised 0.40% in the prior month.

German CPI advanced as expected in May

In Germany, the final consumer price index (CPI) recorded a rise of 0.20% on a MoM basis in May, in line with market expectations. The CPI had climbed 1.00% in the prior month.

SNB kept its key interest rate unchanged

The Swiss National Bank (SNB) held its key interest rate steady at -0.75%, as widely expected. Additionally, the Swiss government lifted its economic growth forecast for 2019 to 1.2% but warned of risks to the global economy including the trade dispute between the United States and China, uncertainty over Brexit and Italy’s financial situation.

US initial jobless claims rose unexpectedly in the last week

In the US, the seasonally adjusted initial jobless claims climbed unexpectedly to a level of 222.00 K in the week ended 08 June 2019, compared to market expectations of a drop to a reading of 215.00 K. Initial jobless claims had registered a revised level of 219.00 K in the previous week.

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