Guardian Stockbrokers Key Economic News Friday 14 May 2021

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

Andrew Bailey says drivers of inflation will not last longer

Bank of England (BoE) Governor, Andrew Bailey, in his speech, stated that the central bank does not expect the factors causing rise in inflation to persist, but it would monitor the situation very carefully.

US PPI rose more than expected in April

In the US, producer prices registered a rise of 6.20% on a YoY basis in April, compared to an advance of 4.20% in the previous month. Markets were expecting the PPI to record a rise of 5.90%.

US initial jobless claims fell more than anticipated in the week ended 7 May 2021

In the US, the seasonally adjusted initial jobless claims dropped to 473.00 K in the week ended 7 May 2021, compared to a revised reading of 507.00 K in the previous week. Markets were expecting the number of initial jobless claims to ease to a level of 490.00 K.

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