Guardian Stockbrokers Key Economic News Wednesday 10 July 2019

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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US JOLTs job openings surprisingly slid in May

In the US, JOLTs job openings registered an unexpected drop to a level of 7323.00 K in May, compared to a revised level of 7372.00 K in the previous month. Market expectation was for JOLTs job openings to rise to a reading of 7470.00 K.

US small business optimism index dropped in June

In the US, the small business optimism index fell to a level of 103.30 in June, compared to a reading of 105.00 in the previous month. Market expectation was for the index to drop to a level of 103.10.

Canadian building permits dropped more than expected in May

In Canada, building permits registered a drop of 13.00% on a MoM basis in May, higher than market expectations for a fall of 10.00%. Building permits had advanced by a revised 16.00% in the prior month.

Canadian housing starts advanced in June

In Canada, the seasonally adjusted housing starts recorded a rise to a level of 245.70 K in June, compared to market expectations of an advance to a reading of 208.60 K. In the previous month, housing starts had registered a revised level of 196.80 K.

Chinese CPI advanced as expected in June

In China, the consumer price index (CPI) registered a rise of 2.70% on a YoY basis in June, compared to a similar rise in the prior month. Market anticipation was for the CPI to climb 2.70%.

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