Hot Features
Premium
Register for streaming realtime charts, analysis tools, and prices.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CPI advanced as expected in May
In the UK, the consumer price index (CPI) recorded a rise of 2.00% on an annual basis in May, meeting market expectations. The CPI had advanced 2.10% in the previous month.
Euro-zone current account surplus dropped in April
In the Euro-zone, the seasonally adjusted current account surplus narrowed to €20.90 billion in April, following a current account surplus €24.70 billion in the previous month.
Euro-zone construction output dropped in April
In the Euro-zone, the seasonally adjusted construction output slid 0.80% on a MoM basis in April. In the previous month, construction output had recorded a revised drop of 0.40%.
Fed kept interest rates unchanged, hints at future rate cuts
The US Fed, at its June monetary policy meeting, kept its benchmark interest rate unchanged at a target of 2.25% to 2.50%, as widely expected. Meanwhile, the Fed Chairman, Jerome Powell, hinted at possible rate cuts, however not in 2019, if required to deaccelerate the slowing US economy.
BoJ kept its key interest rate unchanged
The Bank of Japan (BoJ), in its June monetary policy meeting, left its key short-term interest rate steady at -0.10% and maintained its zero target for the yield on 10-year government bonds. Further, the central bank indicated that its interest rate decision depends on the impact of the US Fed’s interest rate decision.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
