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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone current account surplus dropped in April
The Euro-zone has reported the seasonally adjusted current account surplus of €28.40 billion in April, compared to a revised current account surplus of €32.80 billion in the prior month.
Euro-zone construction output rose in April
On a monthly basis, the seasonally adjusted construction output rose 1.80% in April, in the Euro-zone. Construction output had fallen by a revised 0.20% in the prior month.
Draghi stated that ECB could exercise QE again if necessary
The European Central Bank (ECB) President, Mario Draghi, stated that the central bank could implement its bond-buying programme in future, if needed. Also, he acknowledged patient and gradual approach towards interest rates hikes in near future.
US building permits slid in May
The building permits in the US eased 4.60%, on MoM basis, to an annual rate of 1301.00 K in May, compared to market expectations of 1350.00 K. Building permits had recorded a revised reading of 1364.00 K in the prior month.
US housing starts rose in May
In May, housing starts in the US advanced 5.00%, on monthly basis, to an annual rate of 1350.00 K, compared to market expectations of 1311.00 K. In the previous month, housing starts had registered a revised reading of 1286.00 K.
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