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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Spanish CPI rose as expected in April
In April, the final consumer price index (CPI) rose 1.10% in Spain on a YoY basis, at par with market expectations. In the previous month, the CPI had risen 1.20%. The preliminary figures had also recorded an advance of 1.10%.
Spanish HICP index advanced as expected in April
On a MoM basis in Spain, the final harmonised consumer price (HICP) index recorded a rise of 0.80% in April, at par with market expectations. The preliminary figures had also indicated an advance of 0.80%. HICP index had registered a rise of 1.20% in the previous month.
US Reuters/Michigan consumer sentiment index remained steady in May
The preliminary Reuters/Michigan consumer sentiment index in the US remained flat at a level of 98.80 in May, higher than market expectations of a drop to 98.30.
Canadian unemployment rate remained unchanged in April
In April, the unemployment rate remained unchanged at 5.80% in Canada, meeting market expectations.
Japanese domestic corporate goods price index rose as expected in April
On a MoM basis, the domestic corporate goods price index in Japan climbed 0.10% in April, compared to a fall of 0.10% in the previous month. Markets were expecting the domestic corporate goods price index to climb 0.10%.
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