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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone trade surplus dropped in April
The seasonally adjusted trade surplus in the Euro-zone fell to €18.10 billion in April, compared to a revised trade surplus of €19.80 billion in the previous month. Markets were anticipating the region to record a trade surplus of €20.00 billion.
Euro-zone CPI advanced as expected in May
On a YoY basis, the final consumer price index (CPI) advanced 1.90% in May, in the Euro-zone, in line with market expectations. The preliminary figures had recorded an advance of 1.20%. In the previous month, the CPI had registered a rise of 1.20%.
Italian CPI rose less than expected in May
On an annual basis, in Italy, the final CPI advanced 1.00% in May, less than market expectations for a rise of 1.10%. In the previous month, the CPI risen 0.50%. The preliminary figures had recorded an advance of 1.10%.
US Reuters/Michigan consumer sentiment index advanced in June
The preliminary Reuters/Michigan consumer sentiment index climbed to 99.30 in June, compared to a reading of 98.00 in the prior month in the US. Market anticipation was for the Reuters/Michigan consumer sentiment index to climb to 98.50.
US industrial production unexpectedly declined in May
The industrial production unexpectedly dropped 0.10% on a MoM basis in the US in May, less than market expectations for a rise of 0.20%. In the previous month, industrial production had advanced by a revised 0.90%.
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