Guardian Stockbrokers Key Economic News Thursday 11 July 2019

Share On Facebook

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


UK GDP advanced more than expected in the March-May 2019 period

In the UK, gross domestic product (GDP) recorded a rise of 0.30% on a MoM basis in the March-May 2019 period, higher than market expectations for an advance of 0.10%. In the February-April 2019 period, GDP had advanced by a revised 0.40%.

UK manufacturing production advanced less than expected in May

In the UK, manufacturing production advanced 1.40% on a MoM basis in May, compared to a revised drop of 4.20% in the previous month. Market anticipation was for manufacturing production to climb 2.20%.

UK industrial production rose less than expected in May

In the UK, industrial production advanced 0.90% on YoY basis in May, compared to a revised fall of 1.10% in the prior month. Markets were expecting industrial production to climb 1.20%.

FOMC minutes: Fed officials favour interest rate cut

Minutes of the US Fed’s June meeting signalled that policymakers backed the interest rate cut decision, amid rising global risks to the US economy even as price pressures remained muted. Moreover, the Fed Chairman, Jerome Powell, strongly hinted at a potential rate cut later this month, citing unresolved trade tensions and worries over the weakness of the global outlook

BoC keeps key interest rate unchanged

The Bank of Canada (BoC), in its July monetary policy meeting, left its interest rate steady at 1.75%, as widely expected and raised its growth forecast for the second quarter. Further, the central bank indicated that ongoing trade tensions are having a material effect on the global economic outlook.

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 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 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:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20191215 21:40:04