Guardian Stockbrokers Key Economic News Thursday 11 May 2023

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

UK RICS housing price balance index advanced more than anticipated in April

In the UK, the RICS housing price balance index rose to -39.00% in April, compared to -43.00% in the previous month. Market anticipations were for the index to rise to -40.00%.

German CPI grew as expected in April

In Germany, the CPI rose 7.20% on a YoY basis in April, at par with market anticipations and compared to a rise of 7.40% in the previous month.

US MBA mortgage applications advanced in the week ended 05 May 2023

In the US, the MBA mortgage applications rose 6.30% in the week ended 05 May 2023, compared to a fall of 1.20% in the prior quarter.

US CPI rose less than expected in April

In the US, the CPI advanced 4.90% on a YoY basis in April, compared to a rise of 5.00% in the previous month. Markets were expecting the index to rise 5.00%.

China CPI advanced less than anticipated in April

In China, the CPI rose 0.10% on a YoY basis in April, compared to a rise of 0.70% in the previous month. Markets were expecting the index to rise 0.30%.

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