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The key points from today’s economic news, brought to you by Guardian Stockbrokers. Coronavirus crisis has likely passed, but recovery will be complicated, says Lagarde The European Central Bank (ECB) President, Christine Lagarde, in her speech, warned that while the world may have ‘probably passed lowest point’ brought by the coronavirus crisis. However, the recovery […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. German consumer confidence index rose more than expected in July In Germany, the consumer confidence index advanced to a level of -9.60 in July, compared to a revised reading of -18.60 in the previous month. Markets were expecting the consumer confidence index […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. IMF forecasts deeper global recession in 2020 The IMF expects global economy to contract by 4.9% in 2020, compared with a 3.0% contraction predicted in April, as the COVID-19 pandemic has had a more negative impact on economic activity in the first […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK manufacturing PMI climbed in June In the UK, the preliminary manufacturing PMI rose to a level of 50.10 in June, compared to a reading of 40.70 in the previous month. Market expectations were for the manufacturing PMI to rise to a […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. Euro-zone consumer confidence index rose in June In the Euro-zone, the preliminary consumer confidence index rose to a level of -14.70 in June, compared to a reading of -18.80 in the previous month. Market anticipations were for the consumer confidence index to […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK retail sales advanced more than expected in May In the UK, retail sales climbed 12.00% on a MoM basis in May, compared to a revised rise of 18.00% in the prior month. Markets were expecting retail sales to record an advance […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. BoE kept its key interest rate unchanged, ramps up bond-buying programme The BoE, at its lastest monetary policy meeting, kept its benchmark interest rate unchanged at 0.10%. However, the central bank added an additional £100.0 billion to its bond buying programme to […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK CPI climbed in May In the UK, the consumer price index (CPI) registered a rise of 0.50% on a YoY basis in May, compared to a rise of 0.80% in the prior month. Markets were anticipating the CPI to climb 0.50%. […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK unemployment rate remained unchanged in the three months to April In the UK, the unemployment rate remained flat at 3.90% in the three months to April, compared to a level of 3.90% in the three months to March. Markets were anticipating […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. Euro-zone trade surplus narrowed in April In the Euro-zone, the seasonally adjusted trade surplus narrowed to €1.20 billion in April, from a trade surplus of €25.50 billion in the previous month. Markets were anticipating the trade surplus to narrow to €22.90 billion. […]