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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index rose more than expected in June
In the UK, the Halifax house price index rose 0.30% on a MoM basis in June, compared to a revised advance of 1.70% in the prior month. Market anticipation was for the index to jump 0.20%.
German industrial production rose more than expected in May
On a monthly basis, the seasonally adjusted industrial production in Germany recorded a rise of 2.60% in May, higher than market expectations for an advance of 0.30%. In the previous month, industrial production had recorded a revised drop of 1.30%.
US non-farm payrolls advanced in June
Non-farm payrolls in the US advanced by 213.00 K in June, compared to market expectations of a rise of 195.00 K. Non-farm payrolls had registered a revised gain of 244.00 K in the prior month.
US unemployment rate rose surprisingly in June
The US unemployment rate unexpectedly rose to 4.00% in June, compared to market expectations of a steady reading. Unemployment rate had registered a reading of 3.80% in the previous month.
US trade deficit dropped in May
The US has registered trade deficit of $43.10 billion in May, from a revised deficit of $46.10 billion in the previous month. Markets were anticipating the nation to register a deficit of $43.70 billion.
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