ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

Guardian Stockbrokers Key Economic News Friday 21 June 2019

Share On Facebook
share on Linkedin
Print

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

©

BoE kept its key interest rate unchanged

The Bank of England (BoE), at its June monetary policy meeting, kept its benchmark interest rate unchanged at 0.75% and its asset purchase facility at £435.0 billion, as widely expected. Further, the central bank lowered its growth forecast for the British economy for the second quarter to zero from 0.2%, amid uncertainties over Brexit as well as global trade risks.

UK retail sales declined as expected in May

In the UK, retail sales fell 0.50% on a MoM basis in May, compared to a revised fall of 0.10% in the previous month. Market anticipation was for retail sales to drop 0.50%.

ECB Bulletin: Global headwinds continue to weigh on the region’s economy

The European Central Bank (ECB), in its latest economic bulletin, highlighted that global headwinds continue to weigh on the region’s economic outlook. Further, the bulletin indicated that underlying growth momentum within the Euro-zone has continued to soften since the start of the year, highlighting current signs of a gradual slowing in economic growth.

Euro-zone consumer confidence index surprisingly dropped in June

In the Euro-zone, the preliminary consumer confidence index fell unexpectedly to a level of -7.20 in June, higher than market expectations of an unchanged reading. In the previous month, the consumer confidence index had recorded a level of -6.50.

US initial jobless claims eased in the last week

In the US, the seasonally adjusted initial jobless claims dropped to a level of 216.00 K in the week ended 15 June 2019, compared to market expectations of a fall to a level of 220.00 K. Initial jobless claims had recorded a reading of 222.00 K in the previous week.

Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com