Guardian Stockbrokers Key Economic News Wednesday 10 July 2019

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


US JOLTs job openings surprisingly slid in May

In the US, JOLTs job openings registered an unexpected drop to a level of 7323.00 K in May, compared to a revised level of 7372.00 K in the previous month. Market expectation was for JOLTs job openings to rise to a reading of 7470.00 K.

US small business optimism index dropped in June

In the US, the small business optimism index fell to a level of 103.30 in June, compared to a reading of 105.00 in the previous month. Market expectation was for the index to drop to a level of 103.10.

Canadian building permits dropped more than expected in May

In Canada, building permits registered a drop of 13.00% on a MoM basis in May, higher than market expectations for a fall of 10.00%. Building permits had advanced by a revised 16.00% in the prior month.

Canadian housing starts advanced in June

In Canada, the seasonally adjusted housing starts recorded a rise to a level of 245.70 K in June, compared to market expectations of an advance to a reading of 208.60 K. In the previous month, housing starts had registered a revised level of 196.80 K.

Chinese CPI advanced as expected in June

In China, the consumer price index (CPI) registered a rise of 2.70% on a YoY basis in June, compared to a similar rise in the prior month. Market anticipation was for the CPI to climb 2.70%.

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