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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
US CB consumer confidence index dropped in June
The CB consumer confidence index eased to 126.40 in June, in the US, compared to market expectations of a fall to a level of 128.00. The CB consumer confidence index had registered a revised reading of 128.80 in the prior month.
US Richmond Fed manufacturing index surprisingly rose in June
The Richmond Fed manufacturing index rose unexpectedly to a level of 20.00 in the US, in June, compared to market expectations of a drop to 15.00. In the prior month, the Richmond Fed manufacturing index had recorded a level of 16.00.
US S&P/Case-Shiller composite index of 20 metropolitan areas rose less than expected in April
In April, the seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas registered a rise of 0.20% on a MoM basis in the US, lower than market expectations for an advance of 0.40%. The S&P/Case-Shiller composite index of 20 metropolitan areas had registered a revised rise of 0.40% in the previous month.
Chinese industrial profits (YoY) rose in May
On an annual basis, industrial profits (YoY) recorded a rise of 21.10% in China, in May. Industrial profits (YoY) had advanced 21.90% in the prior month.
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