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