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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone services PMI unexpected rose in April
The preliminary services PMI advanced unexpectedly to 55.00 in April, in the Euro-zone, compared to a level of 54.90 in the prior month.
Markets were anticipating services PMI to fall to a level of 54.60.
Euro-zone manufacturing PMI dropped in April
The flash manufacturing PMI fell to a level of 56.00 in April, in the Euro-zone, compared to market expectations of a drop to a level of 56.10.
In the previous month, the manufacturing PMI had recorded a reading of 56.60.
German manufacturing PMI dropped in April
The flash manufacturing PMI in Germany registered a drop to 58.10 in April, compared to a reading of 58.20 in the previous month. Markets were anticipating manufacturing PMI to drop to 57.50.
US existing home sales rose in March
The existing home sales rose 1.10%, on monthly basis, to a level of 5.60 million in March, in the US, compared to market expectations of 5.55 million. In the previous month, existing home sales had registered a reading of 5.54 million.
US Markit manufacturing PMI surprisingly rose in April
The flash Markit manufacturing PMI advanced unexpectedly to a level of 56.50 in the US, in April, compared to market expectations of a fall to a level of 55.20. In the previous month, the Markit manufacturing PMI had recorded a reading of 55.60.
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