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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GfK consumer confidence rose as expected in May
In the UK, the GfK consumer confidence index advanced to -27.00 in May, at par with market expectations and compared to a level of -30.00 in the prior month.
US initial jobless claims dropped more than expected in the week ended 12 May 2023
In the US, initial jobless claims declined to 242.00 K in the week ended 12 May 2023, compared to a level of 264.00 K in the previous week. Markets were expecting jobless claims to drop to 254.00 K.
US Philadelphia Fed manufacturing index rose more than anticipated in May
In the US, the Philadelphia Fed manufacturing index advanced to -10.40 in May, compared to a level of -31.30 in the prior month. Market anticipations were for the index to rise to -19.80.
US existing home sales unexpectedly fell in April
In the US, existing home sales unexpectedly dropped 3.40% on a MoM basis in April, compared to a revised fall of 2.60% in the previous month.
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