The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Rightmove house price index slid in June
On a MoM basis, the Rightmove house price index recorded a drop of 0.40% in June, in the UK. In the prior month, the Rightmove house price index had advanced 1.20%.
Euro-zone labour cost rose in 1Q 2017
Labour cost registered a rise of 1.50% in the Euro-zone on a quarterly basis, in 1Q 2017. Labour cost had registered a revised similar rise in the previous quarter.
Euro-zone core CPI advanced as expected in May
In the Euro-zone, the final core consumer price index (CPI) climbed 0.90% in May, on a YoY basis, in line with market expectations. The preliminary figures had also recorded an advance of 0.90%. In the previous month, the core CPI had climbed 1.20%.
Euro-zone CPI advanced as expected in May
The final CPI in the Euro-zone rose 1.40% on a YoY basis in May, compared to an advance of 1.90% in the previous month. The preliminary figures had recorded an advance of 1.90%. Markets were anticipating the CPI to climb 1.40%.
Euro-zone new car registrations in EU 28 countries rose in May
In the Euro-zone, new car registrations in the EU 28 countries registered a rise of 7.60% in May on an annual basis. In the prior month, new car registrations in the EU 28 countries had recorded a drop of 6.60%.
Euro-zone CPI dropped as expected in May
On a MoM basis, the CPI dropped 0.10% in May, in the Euro-zone, in line with market expectations. The CPI had registered a rise of 0.40% in the previous month.
Italian trade surplus dropped in April
Trade surplus (non-EU countries) in Italy dropped to €2.55 billion in April, following a trade surplus of €4.14 billion in the prior month.
Italian trade surplus declined in April
Trade surplus (EU countries) in Italy narrowed to €1.05 billion in April, from a revised trade surplus of €1.14 billion in the prior month.
US building permits unexpectedly dropped in May
In May, building permits in the US unexpectedly eased by 4.90%, on MoM basis, to an annual rate of 1168.00 K, compared to market expectations of 1249.00 K. Building permits had recorded a revised reading of 1228.00 K in the previous month.
US housing starts unexpectedly slid in May
Housing starts unexpectedly dropped by 5.50%, on MoM basis, to an annual rate of 1092.00 K in the US, in May, compared to market expectations of 1220.00 K. Housing starts had registered a revised reading of 1156.00 K in the prior month.
US Reuters/Michigan consumer sentiment index dropped in June
In the US, the preliminary Reuters/Michigan consumer sentiment index dropped to 94.50 in June, compared to a reading of 97.10 in the prior month. Market anticipation was for the Reuters/Michigan consumer sentiment index to drop to 97.00.
Foreign investors remained net buyers of Canadian securities in the previous month
Foreign investors remained net buyers of C$10.60 billion worth of Canadian securities in April, from being net buyers of a revised C$15.05 billion worth of Canadian securities in the previous month.
Canadian investors turned net sellers of foreign securities in the previous month
Canadian investors turned net sellers of C$9.87 billion worth of foreign securities in April, from being net buyers of C$15.40 billion worth of foreign securities in the prior month.
Japanese exports advanced less than expected in May
On an annual basis, exports in Japan advanced 14.90% in May, compared to an advance of 7.50% in the previous month. Markets were expecting exports to climb 16.00%.
Japanese imports advanced more than expected in May
In May, on an annual basis, imports registered a rise of 17.80% in Japan, more than market expectations for an advance of 14.50%. In the previous month, imports had climbed by a revised 15.20%.
Chinese house price index rose in May
On a YoY basis, the house price index advanced 10.40% in May, in China. The house price index had risen 10.70% in the prior month.
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