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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK RICS housing price balance advance more than expected in April
In the UK, the RICS housing price balance climbed to 80.00% in April, compared to 74.00% in the prior month. Markets were expecting the housing prices to rise to 70.00%
Lagarde hints ECB rate hike could come in July
European Central Bank (ECB) President, Christine Lagarde, stated that the central bank would increase interest rates in the Euro-zone as
soon as July, citing higher inflation. She indicated that the ECB should end its stimulus bond-buying scheme “early in the third quarter” and could then raise interest rates “only a few weeks” later.
Germany CPI rose as expected in April
In Germany, the CPI climbed 7.40% on a YoY basis in April, at par with market expectations and compared to a rise of 7.30% in the previous month.
US CPI advanced more than expected in April
In the US, the CPI climbed 8.30% on a YoY basis in April, compared to a rise of 8.50% in the previous month. Market anticipations were for the CPI to increase 8.10%.
US reported a monthly budget surplus in April
The US reported a monthly budget surplus of $308.00 billion in April, compared to a deficit of $193.00 billion in the previous month. Markets were anticipating a surplus of $226.00 billion.
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