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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone GDP declined less than expected in 1Q 2020
In the Euro-zone, the final gross domestic product (GDP) eased 3.60% on a QoQ basis in 1Q 2020, compared to a rise of 0.10% in the previous quarter. Markets were expecting GDP to record a fall of 3.80%.
German trade surplus narrowed in April
In Germany, the seasonally adjusted trade surplus narrowed to €3.20 billion in April, compared to a trade surplus of €12.80 billion in the prior month. Market anticipations were for the nation’s a trade surplus to fall to €10.00 billion.
German current account surplus narrowed in April
In Germany, the non-seasonally adjusted current account surplus narrowed to €7.70 billion in April, compared to a current account surplus of €25.60 billion in the prior month.
US JOLTs job openings dropped in April
In the US, JOLTs job openings recorded a drop to a level of 5046.00 K in April, compared to a revised level of 6011.00 K in the previous month. Markets were expecting JOLTs job openings to ease to 5750.00 K.
US small business optimism index unexpectedly climbed in May
In the US, the small business optimism index climbed unexpectedly to a level of 94.40 in May, compared to a reading of 90.90 in the prior month. Markets were expecting the small business optimism index to drop to a level of 86.00.
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