The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CPI rose more than anticipated in April
In the UK, the CPI advanced 8.70% on a YoY basis in April, compared to a rise of 10.10% in the previous month. Markets were expecting the index to rise 8.20%.
UK DCLG house price index advanced less than expected in March
In the UK, the DCLG house price index rose 4.10% on a YoY basis in March, compared to a rise of 5.50% in the prior month. Market anticipations were for the index to rise 7.60%.
German Ifo business climate index dropped more than expected in May
In Germany, the Ifo business climate index fell to 91.70 in May, compared to a revised level of 93.40 in the previous month. Markets were expecting the index to drop to 93.00.
German Ifo business expectations index unexpectedly fell in May
In Germany, the Ifo current assessment index unexpectedly declined to 88.60 in May, compared to a revised level of 91.70 in the prior month.
German Ifo current conditions index dropped as expected in May
In Germany, the Ifo expectations index fell to 94.80 in May, compared to a revised level of 95.10 in the previous month.
FOMC minutes: Fed officials divided over rate hikes
The Federal Open Market Committee (FOMC), in its May monetary policy meeting minutes, indicated that the officials remained divided over the outlook for interest rate hikes.
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