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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK mortgage approvals declined more the expected in April
In the UK, mortgage approvals fell to 65.97 K in April, compared to a revised level of 69.53 K in the previous month. Markets were anticipating mortgage approvals to fall to 69.00 K.
UK BRC shop price index climbed in April
In the UK, the BRC shop price index rose 2.80% on a YoY basis in April, compared to a rise of 2.70% in the prior month.
Euro-zone CPI advanced more than anticipated in May
In the Euro-zone, the CPI climbed 8.10% on YoY basis in May, compared to a rise of 7.40% in the prior month. Markets were expecting the CPI to record a rise of 7.70%.
Germany unemployment rate remained steady in May
In Germany, the unemployment rate remained unchanged at 5.00% in May, at par with market expectations.
US housing price index advanced less than expected in March
In the US, the housing price index rose 1.50% on a MoM basis in March, compared to a revised rise of 1.90% in the prior month. Markets anticipations were for the index to record a rise of 1.80%.
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