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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German consumer confidence index rose unexpectedly in June
In June, the consumer confidence index rose unexpectedly to 9.80 in Germany, higher than market expectations of an unchanged reading. The consumer confidence index had recorded a reading of 9.70 in the previous month.
German Ifo business expectations index recorded a rise in May
The Ifo business expectations index in Germany rose to a level of 101.60 in May, compared to a revised reading of 100.50 in the prior month. Market anticipation was for the Ifo business expectations index to advance to a level of 100.80.
German Ifo current assessment index advanced in May
Compared to a reading of 113.20 in the previous month the Ifo current assessment index rose to a level of 114.20 in May, in Germany. Markets were expecting the Ifo current assessment index to rise to 113.30.
German Ifo business climate index rose in May
In May, the Ifo business climate index in Germany recorded a rise to 107.70, compared to market expectations of a rise to 106.80. The Ifo business climate index had registered a reading of 106.60 in the prior month.
Italian trade surplus fell in April
(non-EU countries) trade surplus in Italy fell to €3.60 billion in April, compared to a revised trade surplus of €4.03 billion in the previous month.
Italian industrial sales eased in March
The seasonally adjusted industrial sales registered a drop of 1.60% in Italy on a MoM basis, in March. In the prior month, industrial sales had advanced 0.10%.
Italian industrial orders climbed in March
The non-seasonally adjusted industrial orders rose 0.10% on a YoY basis in Italy, in March. In the prior month, industrial orders had climbed 3.80%.
Italian industrial sales recorded a drop in March
In Italy, the non-seasonally adjusted industrial sales recorded a drop of 3.60% in March on a YoY basis. Industrial sales had recorded a drop of 0.20% in the previous month.
Italian industrial orders recorded a drop in March
The seasonally adjusted industrial orders in Italy eased 3.30% in March on a monthly basis. In the prior month, industrial orders had recorded a rise of 0.70%.
Spanish PPI declined in April
The producer price index (PPI) in Spain eased 6.10% in April on an annual basis. In the previous month, the PPI had registered a revised drop of 5.60%.
Spanish PPI fell in April
In Spain, the PPI fell 0.10% in April on a MoM basis. In the previous month, the PPI had advanced by a revised 0.60%.
Swiss UBS consumption indicator climbed in April
In April, UBS consumption indicator in Switzerland registered a rise to 1.47. UBS consumption indicator had registered a revised reading of 1.40 in the prior month.
Swiss economic expectations index registered a rise in May
The economic expectations index in Switzerland advanced to 17.50 in May. The economic expectations index had recorded a level of 11.50 in the prior month.
US Markit composite PMI dropped in May
In May, the flash Markit composite PMI fell to a level of 50.80 in the US. In the prior month, Markit composite PMI had registered a level of 52.40.
US house price purchase index recorded a rise in 1Q 2016
In the US, the house price purchase index rose 1.30% on a QoQ basis, in 1Q 2016. The house price purchase index had registered a revised rise of 1.50% in the prior quarter.
US housing price index advanced more than expected in March
On a monthly basis, the housing price index in the US climbed 0.70% in March, more than market expectations for an advance of 0.50%. The housing price index had climbed by a revised 0.50% in the prior month.
US mortgage applications advanced in the last week
In the week ended 20 May 2016, on a weekly basis, mortgage applications rose 2.30% in the US. Mortgage applications had recorded a revised drop of 1.00% in the prior week.
US Markit services PMI dropped unexpectedly in May
In May, the preliminary Markit services PMI in the US eased unexpectedly to a level of 51.20, compared to a reading of 52.80 in the prior month. Market anticipation was for Markit services PMI to rise to 53.00.
Bank of Canada left interest rate unchanged at 0.5%
The Bank of Canada (BoC) held benchmark interest rate steady at 0.5%, as widely expected, and indicated that Canada’s first quarter growth appears to be in line with its April forecast. Further, the BoC stated that, the nation’s second quarter growth will be much weaker than predicted because of the devastating Alberta wildfires and indicated that the destruction will cut 1.25 percentage points off the real GDP growth in the second quarter. However, the Canadian economy is expected to rebound in the third quarter as oil production resumes and reconstruction of the areas devastated by the fire begins.
Japanese investors turned net buyers of foreign stocks in the previous week
Japanese investors turned net buyers of ¥182.30 billion worth of foreign stocks in the week ended 20 May 2016, as compared to being net sellers of ¥152.10 billion worth of foreign stocks in the prior week.
Japanese investors remained net buyers of foreign bonds in the previous week
Japanese investors were net buyers of ¥684.00 billion worth of foreign bonds in the week ended 20 May 2016, as compared to being net buyers of a revised ¥1122.70 billion worth of foreign bonds in the previous week.
Foreign investors remained net buyers of Japanese bonds in the previous week
Foreign investors remained net buyers of ¥492.00 billion worth of Japanese bonds in the week ended 20 May 2016, as compared to being net buyers of ¥348.40 billion worth of Japanese bonds in the previous week.
Foreign investors remained net buyers of Japanese stocks in the previous week
Foreign investors remained net buyers of ¥40.40 billion worth of Japanese stocks in the week ended 20 May 2016, as compared to being net buyers of a revised ¥72.50 billion worth of Japanese stocks in the prior week.
Japanese corporate service price index rose as expected in April
On a YoY basis, in April, the corporate service price index rose 0.20% in Japan, in line with market expectations. The corporate service price index had registered a similar rise in the previous month.
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