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Guardian Stockbrokers Key Economic News Tuesday 11 August 2020

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

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UK retail sales across all sectors rose less than expected in July

In the UK, retail sales across all sectors advanced 4.30% on a YoY basis in July, compared to an advance of 10.90% in the previous month. Markets were anticipating retail sales across all sectors to advance 7.60%.

Euro-zone investor confidence index rose in August

In the Euro-zone, the investor confidence index rose to a level of -13.40 in August, compared to a level of -18.20 in the previous month. Markets were expecting the investor confidence index to record a rise to -15.20.

US JOLTs job openings unexpectedly climbed in June

In the US, JOLTs job openings recorded an unexpected rise to a level of 5889.00 K in June, compared to a revised reading of 5371.00 K in the previous month. Markets were expecting the JOLTS job openings to record a drop to 4910.00 K.

Japanese trade deficit (BOP basis) narrowed in June

In Japan, trade deficit (BOP basis) narrowed to ¥77.30 billion in June, compared to a trade deficit of ¥556.80 billion in the prior month.

Japanese current account surplus narrowed in June

In Japan, current account surplus narrowed to ¥167.50 billion in June, compared to a surplus of ¥1176.80 billion in the previous month. Markets were expecting current account surplus to record a surplus of ¥110.00 billion.

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