The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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UK public sector net borrowing deficit narrowed more than expected in July
In the UK, public sector net borrowing deficit narrowed to £3.48 billion in July, compared to a deficit of £17.11 billion in the previous month.
Markets were expecting public sector net borrowing deficit to narrow to £17.03 billion.
Euro-zone current account surplus widened in June
In the Euro-zone, current account surplus widened to €35.84 billion in June, compared to a surplus of €7.88 billion in the previous month.
US existing home sales fell in July
In the US, existing home sales fell 2.20% on a MoM basis in July, compared to a fall of 3.30% in the prior month.
US Richmond Fed manufacturing index rose as anticipated in August
In the US, the Richmond Fed manufacturing index advanced to -7.00 in August, at par with market expectations and compared to a level of -9.00 in the previous month.
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