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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK ILO unemployment rate unexpectedly fell in April
In the UK, the ILO unemployment rate dropped to 3.80% in the three months to April, compared to 3.90% in the prior month.
Euro-zone ZEW economic sentiment index dropped less than anticipated in June
In the Euro-zone, the ZEW economic sentiment index dropped to -10.00 in June, compared to a level of -9.40 in the previous month. Markets were expecting the index to drop to -11.90.
German CPI rose as expected in May
In Germany, the CPI advanced 6.10% on a YoY basis in May, at par with market expectations and compared to a rise of 7.20% in the previous month.
German ZEW current situation index dropped more than anticipated in June
In Germany, the ZEW current situation index fell to -56.50 in June, compared to a level of -34.80 in the previous month. Market anticipations were for the index to drop to -40.00.
German ZEW economic sentiment index unexpectedly rose in June
In Germany, the ZEW economic sentiment index unexpectedly advanced to -8.50 in June, compared to a level of -10.70 in the prior month.
US CPI rose less than expected in May
In the US, the CPI climbed 4.00% on a YoY basis in May, compared to a rise of 4.90% in the previous month. Markets were expecting the index to rise 4.10%.
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