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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone consumer confidence index dropped surprisingly in June
In June, the preliminary consumer confidence index in the Euro-zone dropped unexpectedly to -7.30, compared to a level of -7.00 in the previous month. Markets were expecting the consumer confidence index to record a flat reading.
Swiss economic expectations index rose in June
In June, the economic expectations index in Switzerland recorded a rise to 19.40. In the prior month, the economic expectations index had recorded a reading of 17.50.
Yellen: ‘Very Hopeful’ that US economic growth will pick up
Testifying for a second day before the Congress, the US Federal Reserve (Fed) Chairwoman, Janet Yellen, sounded more optimistic than she has over the past couple of weeks. She indicated that the recent weakness in the US job market is “transitory” and will rebound in the coming months. She further stated that there has been a sharp increase in consumer spending and the Fed remains hopeful that the nation will witness a pickup in growth.
US housing price index advanced less than expected in April
The housing price index climbed 0.20% on a MoM basis in the US, in April, lower than market expectations for a rise of 0.60%. In the prior month, the housing price index had risen by a revised 0.80%.
US mortgage applications registered a rise in the last week
Mortgage applications registered a rise of 2.90% on a weekly basis in the US, in the week ended 17 June 2016. Mortgage applications had dropped 2.40% in the prior week.
US existing home sales rose in May
In May, existing home sales registered a rise of 1.80%, on monthly basis, to a level of 5.53 million in the US, lower than market expectations of 5.55 million. Existing home sales had recorded a revised reading of 5.43 million in the previous month.
Canadian retail sales (ex-autos) advanced more than expected in April
On a MoM basis, retail sales (ex-autos) in Canada recorded a rise of 1.30% in April, higher than market expectations for a rise of 0.70%. In the prior month, retail sales (ex-autos) had fallen by a revised 0.10%.
Canadian retail sales rose more than expected in April
In Canada, retail sales advanced 0.90% on a monthly basis in April, more than market expectations for an advance of 0.80%. In the previous month, retail sales had registered a revised drop of 0.80%.
Japanese manufacturing PMI recorded a rise in June
Compared to a reading of 47.70 in the prior month the preliminary manufacturing PMI in Japan climbed to 47.80 in June.
Foreign investors turned net sellers of Japanese bonds in the previous week
Foreign investors turned net sellers of ¥485.90 billion worth of Japanese bonds in the week ended 17 June 2016, as compared to being net buyers of ¥764.30 billion worth of Japanese bonds in the prior week.
Japanese investors turned net sellers of foreign bonds in the previous week
Japanese investors turned net sellers of ¥457.70 billion worth of foreign bonds in the week ended 17 June 2016, from being net buyers of a revised ¥867.90 billion worth of foreign bonds in the previous week.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors remained net buyers of ¥72.40 billion worth of foreign stocks in the week ended 17 June 2016, from being net buyers of a revised ¥129.50 billion worth of foreign stocks in the prior week.
Foreign investors turned net sellers of Japanese stocks in the previous week
Foreign investors turned net sellers of ¥231.10 billion worth of Japanese stocks in the week ended 17 June 2016, as compared to being net buyers of ¥128.30 billion worth of Japanese stocks in the prior week.
Chinese MNI business sentiment index registered a rise in June
In June, the MNI business sentiment index in China advanced to 54.50. The MNI business sentiment index had registered a level of 50.00 in the previous month.
Chinese leading economic index rose in May
The leading economic index advanced 0.20% on a MoM basis, in May, in China. In the prior month, the leading economic index had dropped by a revised 0.10%.
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