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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales advanced more than expected in April
In April, on a MoM basis, retail sales in the UK rose 2.30%, compared to a revised drop of 1.40% in the previous month. Market expectation was for retail sales to climb 1.10%.
UK retail sales advanced more than expected in April
In the UK, retail sales registered a rise of 4.00% in April on an annual basis, higher than market expectations for a rise of 2.10%. In the previous month, retail sales had climbed by a revised 2.00%.
UK retail sales ex-fuel rose more than expected in April
Retail sales ex-fuel in the UK registered a rise of 2.00% on a monthly basis in April, compared to a revised drop of 1.20% in the prior month. Markets were anticipating retail sales ex-fuel to advance 1.00%.
French ILO unemployment rate surprisingly eased in 1Q 2017
Compared to a reading of 10.00% in the previous quarter ILO unemployment rate recorded an unexpected drop to a level of 9.60% in 1Q 2017, in France. Markets were expecting ILO unemployment rate to record a steady reading.
US initial jobless claims unexpectedly slid in the last week
In the week ended 13 May 2017, the seasonally adjusted initial jobless claims fell unexpectedly to a level of 232.00 K in the US, compared to market expectations of an advance to 240.00 K. Initial jobless claims had recorded a level of 236.00 K in the previous week.
US continuing jobless claims unexpectedly dropped in the last week
In the US, the seasonally adjusted continuing jobless claims eased unexpectedly to 1898.00 K in the week ended 06 May 2017, compared to a revised reading of 1920.00 K in the prior week. Markets were expecting continuing jobless claims to climb to a level of 1950.00 K.
US leading indicator advanced less than expected in April
On a monthly basis, in April, leading indicator registered a rise of 0.30% in the US, less than market expectations for a rise of 0.40%. In the previous month, leading indicator had registered a revised similar rise.
US Philadelphia Fed manufacturing index surprisingly advanced in May
Philadelphia Fed manufacturing index unexpectedly rose to a level of 38.80 in May, in the US, compared to market expectations of a fall to a level of 18.50. In the previous month, Philadelphia Fed manufacturing index had registered a reading of 22.00.
Foreign investors became net buyers of Canadian securities in the previous month
Foreign investors were net buyers of C$15.13 billion worth of Canadian securities in March, as compared to being net buyers of a revised C$39.16 billion worth of Canadian securities in the prior month.
Japanese Tokyo condominium sales rose in April
On an annual basis, Tokyo condominium sales recorded a rise of 38.60% in Japan, in April. In the prior month, Tokyo condominium sales had risen 26.60%.
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