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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German Ifo current assessment index unexpectedly advanced in June
In Germany, the Ifo current assessment index climbed unexpectedly to a level of 100.80 in June, higher than market expectations of a drop to reading of 100.30. The index had recorded a level of 100.60 in the prior month.
German Ifo business expectations index dropped in June
In Germany, the Ifo business expectations index dropped to a reading of 94.20 in June, compared to market expectations of a drop to a level of 94.60. In the prior month, the index had registered a level of 95.30.
German Ifo business climate index dropped in June
In Germany, the Ifo business climate index eased to a level of 97.40 in June, in line with market expectations. The index had registered a level of 97.90 in the previous month.
US Dallas Fed manufacturing business index unexpectedly declined in June
In the US, the Dallas Fed manufacturing business index recorded an unexpected drop to a level of -12.10 in June, compared to a reading of -5.30 in the previous month. Markets were anticipating the index to rise to a level of -2.00.
BoJ Minutes: Central bank to maintain interest rates until spring 2020
Minutes of the Bank of Japan’s (BoJ) April meeting revealed that the central bank would keep the current ultra-low interest rates until at least the spring of 2020. The decision was driven by heightening global economic uncertainties and projected delays in hitting the BoJ’s elusive inflation target.
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