Guardian Stockbrokers Key Economic News Tuesday 28 July 2020

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

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German business climate index advanced in July

In Germany, the business climate index registered a rise to a level of 90.50 in July, compared to a revised reading of 86.30 in the previous month. Markets were expecting the business climate index to record an advance to a level of 89.30.

German business expectations index rose in July

In Germany, the business expectations index advanced to a level of 97.00 in July, compared to a revised reading of 91.60 in the prior month. Markets were expecting the business expectations index to rise to a level of 93.90.

German current assessment index advanced less than expected in July

In Germany, the current assessment index registered a climb to a level of 84.50 in July, compared to a reading of 81.30 in the previous month. Markets were expecting the current assessment index to record a rise to a level of 85.20.

US durable goods orders climbed more than expected in June

In the US, the preliminary durable goods orders rose 7.30% on a MoM basis in June, compared to a jump of 15.10% in the previous month. Markets were expecting durable goods orders to record an advance of 4.80%.

US Dallas Fed manufacturing business index rose in July

In the US, the Dallas Fed manufacturing business index rose to a level of -3.00 in July, compared to a level of -6.10 in the prior month.

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