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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Brexit more likely, ‘Leave’ edges ahead in UK referendum
In a dramatic turn, the Leave camp has edged ahead in the UK. The leave vote edged out those in favour of remaining by an estimated 52% to 48%. 348 authorities out of 382 have so far declared their results.
Euro-zone services PMI declined in June
In the Euro-zone, the flash services PMI recorded a drop to 52.40 in June, lower than market expectations of a drop to a level of 53.20. Services PMI had registered a level of 53.30 in the prior month.
Euro-zone manufacturing PMI climbed surprisingly in June
In the Euro-zone, the flash manufacturing PMI recorded an unexpected rise to a level of 52.60 in June, higher than market expectations of a drop to 51.40. The manufacturing PMI had recorded a reading of 51.50 in the previous month.
Euro-zone composite PMI declined in June
The flash composite PMI eased to 52.80 in the Euro-zone, in June, compared to a reading of 53.10 in the previous month. Markets were expecting composite PMI to drop to 53.00.
German manufacturing PMI recorded an unexpected rise in June
The preliminary manufacturing PMI in Germany advanced unexpectedly to a level of 54.40 in June, higher than market expectations of a fall to a level of 52.00. In the previous month, manufacturing PMI had recorded a reading of 52.10.
German services PMI fell in June
In June, the flash services PMI recorded a drop to 53.20 in Germany, lower than market expectations of a drop to a level of 55.00. Services PMI had recorded a reading of 55.20 in the prior month.
French industrial business climate index dropped surprisingly in June
In June, the industrial business climate index in France recorded an unexpected drop to 100.00, lower than market expectations of an advance to a level of 103.00. The industrial business climate index had registered a level of 102.00 in the prior month.
French manufacturing PMI eased unexpectedly in June
Compared to a level of 48.40 in the prior month the flash manufacturing PMI in France eased unexpectedly to 47.90 in June. Market expectation was for manufacturing PMI to climb to 48.70.
French production outlook indicator registered a drop in June
The production outlook indicator dropped to 1.00 in June, in France. In the previous month, the production outlook indicator had recorded a revised level of 5.00.
French services PMI recorded an unexpected drop in June
In June, the flash services PMI in France recorded an unexpected drop to a level of 49.90, compared to market expectations of an unchanged reading. Services PMI had registered a level of 51.60 in the prior month.
French own-company production outlook registered a rise in June
Own-company production outlook climbed to 9.00 in France, in June, compared to a revised reading of 7.00 in the prior month.
Italian industrial sales climbed in April
In Italy, the seasonally adjusted industrial sales registered a rise of 2.10% in April on a MoM basis. In the prior month, industrial sales had fallen 1.60%.
Italian industrial sales advanced in April
In April, on a YoY basis, the non-seasonally adjusted industrial sales in Italy rose 0.10%. Industrial sales had registered a drop of 3.60% in the prior month.
Italian industrial orders rose in April
In April, on a monthly basis, the seasonally adjusted industrial orders registered a rise of 1.00% in Italy. In the previous month, industrial orders had fallen by a revised 3.40%.
Italian industrial orders registered a drop in April
In April, on an annual basis, the non-seasonally adjusted industrial orders in Italy slid 11.30%. In the prior month, industrial orders had advanced 0.10%.
US Markit manufacturing PMI advanced in June
The flash Markit manufacturing PMI advanced to 51.40 in June, in the US, compared to market expectations of a rise to 50.90. In the previous month, the Markit manufacturing PMI had recorded a level of 50.70.
US continuing jobless claims fell in the last week
The seasonally adjusted continuing jobless claims dropped to 2142.00 K in the week ended 11 June 2016, in the US, compared to a revised reading of 2162.00 K in the prior week. Market anticipation was for continuing jobless claims to ease to a level of 2150.00 K.
US new home sales eased in May
Compared to a revised level of 586.00 K in the previous month, new home sales registered a drop of 6.00%, on monthly basis, to a level of 551.00 K in the US, in May. Markets were expecting new home sales to drop to a level of 560.00 K.
US Kansas City Fed manufacturing activity index registered an unexpected rise in June
The Kansas City Fed manufacturing activity index climbed unexpectedly to 2.00 in June, in the US, compared to a level of -5.00 in the prior month. Markets were anticipating the Kansas City Fed manufacturing activity index to record a flat reading.
US initial jobless claims slid in the last week
The seasonally adjusted initial jobless claims dropped to 259.00 K in the US, in the week ended 18 June 2016, lower than market expectations of a drop to 270.00 K. Initial jobless claims had registered a level of 277.00 K in the prior week.
US leading indicator unexpectedly slid in May
Leading indicator recorded an unexpected drop of 0.20% on a monthly basis in the US, in May, lower than market expectations for a rise of 0.10%. Leading indicator had climbed 0.60% in the prior month.
US Chicago Fed national activity index recorded an unexpected drop in May
The Chicago Fed national activity index eased unexpectedly to a level of -0.51 in May, in the US, lower than market expectations of a rise to 0.11. The Chicago Fed national activity index had registered a revised reading of 0.05 in the previous month.
A few BoJ board members expressed concern over weak prices in June: Summary report
A summary of opinions from the Bank of Japan’s (BoJ) June 15-16 meeting, showed that the policymakers remained deeply divided on whether to expand or scale back its massive stimulus program, but eventually decided to keep the monetary policy steady. While several board members said the BoJ should hold off on expanding stimulus for now in order to scrutinize the impact of January’s decision to adopt negative interest rates, a few others called for an expansion in stimulus to attain the inflation target.
Japanese corporate service price index rose more than expected in May
In May, the corporate service price index advanced 0.20% on an annual basis in Japan, compared to a revised advance of 0.30% in the previous month. Markets were expecting the corporate service price index to advance 0.10%.
Japanese coincident index rose in April
The final coincident index advanced to 112.00 in April, in Japan. The coincident index had recorded a level of 111.10 in the previous month. The preliminary figures had recorded an advance to 112.20.
Japanese leading economic index climbed in April
Compared to a reading of 99.30 in the prior month the final leading economic index in Japan registered a rise to 100.00 in April. The preliminary figures had indicated an advance to 100.50.
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