Guardian Stockbrokers Key Economic News Thursday 22 July 2021

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

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UK public sector net borrowing rose less than expected in June

In the UK, public sector net borrowings advanced to £22.02 billion in June, compared to a revised level of £19.87 billion in the previous month. Markets were expecting public sector net borrowings to rise to £24.77 billion.

US mortgage applications fell in the week ended 16 July 2021

In the US, mortgage applications dropped 4.00% on a weekly basis in the week ended 16 July 2021, compared to an advance of 16.00% in the prior week.

Australia’s business confidence index unexpectedly declined in 2Q 2021

In Australia, the business confidence index fell to a level of 17.00 in 2Q 2021, compared to a revised reading of 19.00 in the previous quarter. Markets were expecting the index to rise to 21.00.

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