The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone consumer confidence index remained unchanged in July
The preliminary consumer confidence index in the Euro-zone remained steady at a level of -0.60 in July, compared to market expectations of a fall to a reading of -0.70. The index had recorded a revised reading of -0.60 in the previous month.
US existing home sales unexpectedly dropped in June
In the US, existing home sales registered an unexpected drop of 0.60%, on monthly basis, to a level of 5.38 million in June, compared to a revised reading of 5.41 million in the prior month. Markets were expecting existing home sales to advance to 5.44 million.
US Chicago Fed national activity index climbed in June
The Chicago Fed national activity index in the US rose to a level of 0.43 in June, compared to a revised level of -0.45 in the prior month. Market anticipation was for the index to advance to a level of 0.25.
Canadian wholesale sales rose more than expected in May
In Canada, wholesale sales registered a rise of 1.20% on a monthly basis, in May, more than market expectations for an advance of 0.70%. In the prior month, wholesale sales had registered a revised drop of 0.10%.
Japanese manufacturing PMI eased in July
The preliminary manufacturing PMI fell to a level of 51.60 in Japan, in July. In the previous month, manufacturing PMI had recorded a reading of 53.00.
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