Guardian Stockbrokers Key Economic News Tuesday 20 July 2021

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


Euro-zone construction output advanced in May

In the Euro-zone, seasonally adjusted construction output rose 0.90% on a MoM basis in May, compared to a revised drop of 0.40% in the previous month.

US housing market index unexpectedly fell in July

In the US, the housing market index unexpectedly dropped to 80.00 in July, compared to a reading of 81.00 in the prior month. Markets were expecting the index to record a rise to 82.00.

Japan national CPI climbed in June.

In Japan, the national consumer price index (CPI) rose 0.20% on a YoY basis in June, in line with expectations and compared to a drop of 0.1% in May.

PBOC keeps key interest rate unchanged for 15th straight month

The People’s Bank of China (PBOC), in its July monetary policy meeting, kept its one-year loan prime rate (LPR) steady at 3.85% and the five-year LPR at 4.65%.

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