The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German Ifo business expectations index dropped in July
The Ifo business expectations index in Germany eased to a level of 98.20 in July, compared to market expectations of a drop to a level of 98.30. In the previous month, the index had recorded a revised reading of 98.50.
German Ifo business climate index eased in July
In Germany, the Ifo business climate index eased to a level of 101.70 in July, compared to market expectations of a drop to a level of 101.50. The index had registered a reading of 101.80 in the previous month.
German Ifo current assessment index unexpectedly rose in July
In July, the Ifo current assessment index in Germany registered an unexpected rise to a level of 105.30, compared to market expectations of a fall to a level of 104.90. In the previous month, the index had recorded a revised reading of 105.20.
US new home sales unexpectedly eased in June
New home sales in the US unexpectedly fell by 5.30%, on MoM basis, to a level of 631.00 K in June, compared to a revised level of 666.00 K in the previous month. Markets were anticipating new home sales to rise to a level of 668.00 K.
US mortgage applications slid in the last week
On a weekly basis, the MBA mortgage applications in the US dropped 0.20% in the week ended 20 July 2018. In the prior week, mortgage applications had registered a fall of 2.50%.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.