Guardian Stockbrokers Key Economic News Wednesday 5 July 2023

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

German trade surplus unexpectedly narrowed in May

In Germany, trade surplus unexpectedly narrowed to €14.40 billion in May, compared to a surplus of €16.50 billion in the previous month.

Japan Jibun Bank services PMI dropped more than anticipated in June

In Japan, the Jibun Bank services PMI dropped to 54.00 in June, compared to a level of 55.90 in the previous month. Markets were expecting the PMI to drop to 54.20.

China Caixin services PMI fell in June

In China, the Caixin services PMI declined to 53.90 in June, compared to a level of 57.10 in the prior month.

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