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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net borrowing deficit narrowed less than expected in June
In the UK, public sector net borrowing reported a deficit of £34.80 billion in June, compared to a revised deficit of £44.70 billion in the previous month. Market anticipations were for public sector net borrowing to report a deficit of £34.30 billion.
US Chicago Fed National Activity Index climbed in June
In the US, the Chicago Fed National Activity Index unexpectedly climbed to a level of 4.11 in June, compared to a revised level of 3.50 in the previous month.
Japanese manufacturing PMI unexpectedly rose in July
In Japan, the preliminary manufacturing PMI unexpectedly advanced to a level of 42.60 in July, compared to a level of 40.10 in the prior month. Markets were expecting the manufacturing PMI to record a drop to a level of 39.50.
Canadian new housing price index rose less than expected in June
In Canada, the new housing price index rose 0.10% on a MoM basis in June, compared to an advance of 0.10% in the previous month. Markers were expecting the new housing price index to record an advance of 0.20%.
Canadian retail sales rose less than expected in May
In Canada, retail sales recorded a jump of 18.70% on a MoM basis in May, compared to a revised plunge of 25.00% in the prior month. Markets were expecting retail sales to record a rise of 21.00%.
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