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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices advanced more than expected in June
In June, on a monthly basis, the seasonally adjusted house prices in the UK climbed 0.50%, compared to a drop of 0.20% in the previous month. Markets were expecting house prices to climb 0.20%.
Italian consumer confidence index unexpectedly advanced in June
The consumer confidence index climbed unexpectedly to 116.20 in Italy, in June, compared to a revised reading of 113.90 in the prior month. Markets were anticipating the consumer confidence index to ease to a level of 113.30.
US advance goods trade deficit fell in May
The US has posted advance goods trade deficit of $64.80 billion in May, from a revised advance goods trade deficit of $67.30 billion in the prior month. Markets were anticipating the nation to record advance goods trade deficit of $69.00 billion.
US pending home sales surprisingly dropped in May
The pending home sales in the US unexpectedly fell 0.50% on a monthly basis in May, compared to a drop of 1.30% in the prior month. Market anticipation was for pending home sales to advance 0.50%.
US durable goods orders fell less than expected in May
On a MoM basis, the flash durable goods orders in the US dropped 0.60% in May, compared to a fall of 1.60% in the prior month. Markets were expecting durable goods orders to ease 1.00%.
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