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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BRC shop price index rose in May
In the UK, the BRC shop price index advanced to 8.40% on a YoY basis in May, compared to a rise of 9.00% in the previous month.
German Ifo business climate index dropped more than expected in June
In Germany, the Ifo business climate index fell to 88.50 in June, compared to a revised level of 91.50 in the prior month. Markets were expecting the index to drop to 90.70.
German Ifo current assessment index fell less than anticipated in June
In Germany, the Ifo current assessment index declined to 93.70 in June, compared to a level of 94.80 in the previous month. Markets were expecting the index to drop to 93.50.
German Ifo expectations index declined more than expected in June
In Germany, the Ifo expectations index fell to 83.60 in June, compared to a revised level of 88.30 in the previous month. Market anticipations were for the index to fall to 88.00.
US Dallas Fed manufacturing business index rose more than anticipated in June
In the US, the Dallas Fed manufacturing business index advanced to -23.20 in June, compared to a level of -29.10 in the prior month. Markets were expecting the index to rise to -26.50.
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