Guardian Stockbrokers Key Economic News Tuesday 19 May 2020

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

US housing market index advanced in May

In the US, the housing market index rose to a level of 37.00 in May, compared to a reading of 30.00 in the prior month. Markets were expecting the housing market index to record an advance to a level of 35.00.

RBA minutes: Australia faces ‘unprecedented’ economic slowdown

Minutes of the Reserve Bank of Australia (RBA) latest meeting indicated that the country is facing an “unprecedented” economic contraction due to the coronavirus pandemic and monetary stimulus would help cushion the blow. The minutes showed that gross domestic product (GDP) is expected to fall by 10.0% in the first half and 6.0% for 2020.

Japan industrial production declined in March

In Japan, the final industrial production recorded a drop of 5.20% on a YoY basis in March, compared to a fall of 5.70% in the prior month. Markets were expecting industrial production to record a fall of 5.20%.

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Comments

1. JOHN MUSGROVE says:

   May 19, 2020 at 12:55 pm

   Great to hear the best stockbrokers in London are still thriving. Wishing all the very best for Justin and the team.

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