The key points from today’s economic news, brought to you by Guardian Stockbrokers.
©
UK CPI advanced less than expected in June
In June, the consumer price index (CPI) advanced 2.40% in the UK on a YoY basis, lower than market expectations for an advance of 2.60%. The CPI had registered a similar rise in the previous month.
UK house price index advanced less than expected in May
In the UK, the house price index recorded a rise of 3.00% on a YoY basis in May, less than market expectations for a rise of 3.70%. In the prior month, the index had registered a revised rise of 3.50%.
Euro-zone CPI advanced as expected in June
The CPI registered a rise of 0.10% on a MoM basis in the Euro-zone, in June, meeting market expectations. In the previous month, the CPI had advanced 0.50%.
US housing starts dropped in June
In the US, housing starts fell 12.30%, on MoM basis, to an annual rate of 1173.00 K in June, compared to market expectations of 1320.00 K. Housing starts had recorded a revised reading of 1337.00 K in the prior month.
US building permits unexpectedly fell in June
Building permits in the US unexpectedly fell by 2.20%, on MoM basis, to an annual rate of 1273.00 K in June, compared to market expectations of 1330.00 K. Building permits had registered a reading of 1301.00 K in the prior month.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).
This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.