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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net borrowing unexpectedly records deficit in June
In the UK, the public sector net borrowing has unexpectedly reported a deficit of £6.50 billion in June, as compared to a revised deficit of £3.80 billion in the previous month. Market anticipation was for public sector net borrowing to report a deficit of £3.30 billion.
Euro-zone current account surplus rose in May
In the Euro-zone, the seasonally adjusted current account surplus expanded to €29.70 billion in May, following a revised current account surplus of €22.40 billion in the previous month.
US consumer sentiment index advanced in July
In the US, the flash consumer sentiment index rose to a level of 98.40 in July, compared to market expectations of a rise to a reading of 98.80. The consumer sentiment index had recorded a level of 98.20 in the prior month.
Canadian retail sales unexpectedly slid in May
In Canada, retail sales unexpectedly eased 0.10% on a MoM basis in May, lower than market expectations for a rise of 0.30%. Retail sales had recorded a revised rise of 0.20% in the previous month.
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