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Guardian Stockbrokers Key Economic News Wednesday 27 May 2020

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

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German consumer confidence index rose in June

In Germany, the consumer confidence index advanced to a level of -18.90 in June, compared to a revised reading of -23.10 in the previous month. Markets were expecting the consumer confidence index to record a rise to -18.90.

US consumer confidence index advanced in May

In the US, the consumer confidence index advanced to a level of 86.60 in May, compared to a revised level of 85.70 in the previous month.

US new home sales unexpectedly rose in April

In the US, new home sales advanced 0.60% on a MoM basis in April, compared to a revised drop of 13.70% in the prior month. Markets were expecting new home sales to record a drop of 21.90%.

US Dallas Fed manufacturing business index advanced in May

In the US, the Dallas Fed manufacturing business index rose to a reading of -49.20 in May, compared to a revised level of -74.00 in the prior month.

US housing price index rose less than expected in March

In the US, the housing price index climbed 0.10% on a MoM basis in March, compared to a rise of 0.70% in the previous month. Markets were expecting housing price index to record an advance of 0.30%.

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