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Guardian Stockbrokers Key Economic News Tuesday 16 May 2017

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

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Italian CPI rose in April

The final consumer price index (CPI) advanced 1.90% in Italy on a YoY basis, in April. The CPI had registered a rise of 1.40% in the previous month. The preliminary figures had indicated a rise of 1.40%.

Italian CPI rose in April

In April, on a monthly basis, the final CPI in Italy advanced 0.40%. The CPI had recorded an unchanged reading in the prior month. The preliminary figures had recorded a flat reading.

Italian EU normalised CPI rose in April

The final EU normalised CPI advanced 0.80% on a monthly basis, in April, in Italy. In the previous month, the EU normalised CPI had climbed 1.90%. The preliminary figures had recorded a rise of 1.90%.

Italian EU normalised CPI advanced as expected in April

On an annual basis, the final EU normalised CPI climbed 2.00% in Italy, in April, compared to an advance of 1.40% in the prior month. The preliminary figures had also indicated an advance of 2.00%. Market anticipation was for the EU normalised CPI to climb 2.00%.

Swiss producer and import price index rose less than expected in April

In April, on an annual basis, the producer and import price index climbed 0.80% in Switzerland, less than market expectations for a rise of 1.00%. In the prior month, the producer and import price index had recorded a rise of 1.30%.

Swiss producer and import price index unexpectedly eased in April

The producer and import price index in Switzerland recorded an unexpected drop of 0.20% in April on a MoM basis, lower than market expectations for an unchanged reading. The producer and import price index had climbed 0.10% in the prior month.

US housing market index surprisingly advanced in May

The housing market index rose unexpectedly to a level of 70.00 in the US, in May, compared to market expectations of a steady reading. In the prior month, the housing market index had recorded a reading of 68.00.

US net treasury international capital (TIC) long term purchases advanced in March

In March, net treasury international capital (TIC) long term purchases recorded a rise to $59.80 billion in the US. Net treasury international capital (TIC) long term purchases had recorded a revised reading of $53.10 billion in the prior month.

US total net TIC flows fell in March

Total net TIC flows registered a drop to $0.70 billion in March, in the US, compared to a revised reading of $13.20 billion in the previous month.

US NY Empire State manufacturing index surprisingly dropped in May

The NY Empire State manufacturing index recorded an unexpected drop to -1.00 in May, in the US, lower than market expectations of a rise to a level of 7.50. The NY Empire State manufacturing index had recorded a level of 5.20 in the prior month.

Canadian existing home sales declined in April

Existing home sales slid 1.70% in Canada on a MoM basis, in April. Existing home sales had registered a rise of 1.10% in the previous month.

Japanese machine tool orders rose in April

The preliminary machine tool orders in Japan climbed 34.70% in April on a YoY basis. Machine tool orders had risen 22.80% in the prior month.

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