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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI dropped in June
In June, the services PMI fell to a level of 53.40 in the UK, compared to a reading of 53.80 in the prior month. Markets were anticipating the services PMI to drop to 53.50.
UK new car registrations fell in June
In the UK, new car registrations fell 4.80% in June on a YoY basis. New car registrations had fallen 8.50% in the previous month.
UK official reserves rose in June
Official reserves climbed $491.00 million in the UK, in June. In the prior month, official reserves had registered a rise of $1115.00 million.
Euro-zone composite PMI eased in June
In June, the final composite PMI recorded a drop to 56.30 in the Euro-zone, compared to a reading of 56.80 in the prior month. Markets were expecting composite PMI to fall to 55.70. The preliminary figures had recorded a fall to 55.70.
Euro-zone services PMI dropped in June
The final services PMI fell to a level of 55.40 in the Euro-zone, in June, compared to market expectations of a drop to 54.70. In the prior month, services PMI had registered a level of 56.30. The preliminary figures had indicated a drop to 54.70.
Euro-zone retail sales rose as expected in May
In May, the seasonally adjusted retail sales climbed 0.40% on a monthly basis in the Euro-zone, in line with market expectations. In the previous month, retail sales had registered a rise of 0.10%.
Euro-zone retail sales rose more than expected in May
The seasonally adjusted retail sales recorded a rise of 2.60% on a YoY basis in the Euro-zone, in May, compared to a revised similar rise in the prior month. Market expectation was for retail sales to climb 2.30%.
German services PMI dropped in June
In June, the final services PMI eased to 54.00 in Germany, higher than market expectations of a drop to a level of 53.70. The preliminary figures had recorded a fall to 53.70. In the previous month, services PMI had recorded a reading of 55.40.
French services PMI dropped in June
The final services PMI dropped to 56.90 in France, in June, higher than market expectations of a fall to a level of 55.30. In the previous month, services PMI had recorded a reading of 57.20. The preliminary figures had indicated a fall to 55.30.
Italian services PMI eased in June
The services PMI dropped to 53.60 in Italy, in June, lower than market expectations of a fall to 54.60. The services PMI had recorded a reading of 55.10 in the previous month.
Spanish services PMI surprisingly rose in June
The services PMI registered an unexpected rise to 58.30 in Spain, in June, compared to a reading of 57.30 in the prior month. Market anticipation was for the services PMI to drop to a level of 56.50.
FOMC minutes suggested increasing tensions on inflation outlook
The Federal Open Market Committee’s (FOMC) June meeting minutes revealed that policymakers were increasingly split on the outlook for US inflation and how it might affect the future pace of interest rate rises. Several officials wanted to announce a start to the process of reducing the central bank’s large portfolio of treasury bonds and mortgage-backed securities by the end of August but others wanted to wait until later in the year.
US durable goods orders fell as expected in May
The final durable goods orders slid 0.80% on a monthly basis in May, in the US, meeting market expectations. Durable goods orders had recorded a revised drop of 0.90% in the previous month. The preliminary figures had recorded a drop of 1.10%.
US durable goods orders (ex transportation) dropped in May
On a MoM basis, the final durable goods orders (ex transportation) eased 0.30% in May, in the US. In the previous month, durable goods orders (ex transportation) had registered a drop of 0.50%. The preliminary figures had indicated a flat reading.
US factory orders fell more than expected in May
Factory orders in the US dropped 0.80% in May on a monthly basis, compared to a revised fall of 0.30% in the prior month. Markets were expecting factory orders to ease 0.50%.
US Redbook index rose in the last week
In the week ended 30 June 2017, on a YoY basis, the Redbook index in the US advanced 2.70%. In the previous week, the Redbook index had recorded a rise of 2.20%.
US non-defence capital goods orders (ex aircraft) climbed in May
In the US, the final non-defence capital goods orders (ex aircraft) advanced 0.20% on a monthly basis, in May. In the prior month, the non-defence capital goods orders (ex aircraft) had registered a revised similar rise. The preliminary figures had indicated a fall of 0.20%.
US Redbook index advanced in the last week
In the US, the seasonally adjusted Redbook index rose 0.70% on a MoM basis, in the week ended 30 June 2017. The Redbook index had recorded a rise of 0.60% in the prior week.
US non-defence capital goods shipments (ex aircraft) rose in May
In the US, the final non-defence capital goods shipments (ex aircraft) recorded a rise of 0.10% in May, on a monthly basis. The non-defence capital goods shipments (ex aircraft) had registered a similar rise in the prior month. The preliminary figures had recorded a drop of 0.20%.
Foreign investors became net sellers of Japanese stocks in the previous week
Foreign investors were net sellers of ¥14.00 billion worth of Japanese stocks in the week ended 30 June 2017, as compared to being net sellers of ¥26.30 billion worth of Japanese stocks in the prior week.
Japanese investors turned net sellers of foreign bonds in the previous week
Japanese investors turned net sellers of ¥772.80 billion worth of foreign bonds in the week ended 30 June 2017, from being net buyers of a revised ¥325.50 billion worth of foreign bonds in the previous week.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥149.70 billion worth of foreign stocks in the week ended 30 June 2017, as compared to being net buyers of a revised ¥368.70 billion worth of foreign stocks in the prior week.
Foreign investors turned net buyers of Japanese bonds in the previous week
Foreign investors turned net buyers of ¥75.80 billion worth of Japanese bonds in the week ended 30 June 2017, from being net sellers of a revised ¥1464.30 billion worth of Japanese bonds in the prior week.
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