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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone retail PMI advanced in May
The retail PMI advanced to 51.70 in the Euro-zone, in May, compared to a level of 48.60 in the previous month.
Swiss CPI rose more than expected in May
In May, the consumer price index (CPI) registered a rise of 1.00% on an annual basis in Switzerland, higher than market expectations for a rise of 0.90%. The CPI had advanced 0.80% in the prior month.
US trade deficit dropped in April
In April, trade deficit in the US narrowed to $46.20 billion, less than market expectations of a trade deficit of $49.00 billion. The US had reported a revised trade deficit of $47.20 billion in the prior month.
US mortgage applications rose in the last week
On a weekly basis, mortgage applications in the US climbed 4.10% in the week ended 01 June 2018. Mortgage applications had fallen 2.90% in the prior week.
Canadian Ivey PMI dropped in May
In May, the seasonally adjusted Ivey PMI in Canada registered a drop to 62.50. In the previous month, Ivey PMI had registered a level of 71.50.
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