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Guardian Stockbrokers Key Economic News Friday 3 July 2020

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

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UK consumer confidence index improved in June

In the UK, the consumer confidence index advanced to a level of -27.00 in June, compared to a reading of -30.00 in the previous month.

Euro-zone unemployment rate rose in May

In the Euro-zone, the unemployment rate advanced to 7.40% in May, compared to a rate of 7.30% in the previous month.

US non-farm payrolls climbed in June

In the US, non-farm payrolls rose more-than-expected by 4800.00 K in June, compared to a revised rise of 2699.00 K recorded in the prior month.

US unemployment rate dropped in June

In the US, the unemployment rate recorded a drop to 11.10% in June, compared to 13.30% in the previous month. Markets were expecting the unemployment rate to drop to 12.30%.

US trade deficit widened in May

In the US, trade deficit widened to $54.60 billion in May, compared to a revised deficit of $49.80 billion in the previous month. Markets were expecting trade deficit to widen to $53.00 billion.

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