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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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UK ILO unemployment rate unexpectedly rose in May
In the UK, the ILO unemployment rate unexpectedly advanced to 4.00% in the three months to May, compared to 3.80% in the prior month.
Euro-zone ZEW economic sentiment index dropped more than expected in July
In the Euro-zone, the ZEW economic sentiment index fell to -12.20 in July, compared to a level of -10.00 in the previous month. Markets were expecting the index to drop to -10.20.
German CPI rose as expected in June
In Germany, the CPI advanced 6.40% on a YoY basis in June, at par with market expectations and compared to a rise of 6.10% in the previous month.
German ZEW current situation index fell less than anticipated in July
In Germany, the ZEW current situation index declined to -59.50 in July, compared to a level of -56.50 in the previous month. Market anticipations were for the index to fall to -60.00.
German ZEW economic sentiment index dropped more than expected in July
In Germany, the ZEW economic sentiment index fell to -14.70 in July, compared to a level of -8.50 in the previous month. Markets were expecting the index to drop to -10.00.
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