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Guardian Stockbrokers Key Economic News Thursday 10 May 2018

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK house price balance dropped in April

In April, house price balance in the UK fell to a level of 8.00 %, higher than market expectations of a drop to a level of 1.00 %. In the prior month, house price balance had registered a reading of 0.00 %.

French industrial production surprisingly dropped in March

In France, industrial production unexpectedly eased 0.40% on a monthly basis in March, compared to a revised advance of 1.10% in the previous month. Markets were anticipating industrial production to rise 0.40%.

US mortgage applications declined in the last week

Mortgage applications in the US dropped 0.40% in the week ended 04 May 2018 on a weekly basis. In the prior week, mortgage applications had fallen 2.50%.

Japanese (BOP basis) trade surplus rose in March

Japan has posted (BOP basis) trade surplus of ¥1190.70 billion in March, following a (BOP basis) trade surplus of ¥188.70 billion in the previous month. Market expectation was for a (BOP basis) trade surplus of ¥1023.10 billion.

Chinese CPI advanced less than expected in April

On a YoY basis, the consumer price index (CPI) climbed 1.80% in China, in April, compared to a rise of 2.10% in the prior month. Market anticipation was for the CPI to advance 1.90%.

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