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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK number of mortgage approvals for house purchases rose in June
In the UK, number of mortgage approvals for house purchases rose to a level of 65.60 K in June, compared to a revised level of 64.70 K in the prior month. Market expectation was for number of mortgage approvals for house purchases to advance to a level of 65.50 K.
Euro-zone consumer confidence index remained steady in July
In the Euro-zone, the final consumer confidence index remained unchanged at a level of -0.60 in July, in line with market expectations. The preliminary figure had also recorded an unchanged reading.
German CPI rose less than expected in July
In July, the flash consumer price index (CPI) in Germany rose 0.30% on a monthly basis, compared to a rise of 0.10% in the prior month. Markets were expecting CPI to advance 0.40%.
US pending home sales advanced more than expected in June
On a MoM basis, pending home sales in the US recorded a rise of 0.90% in June, compared to a drop of 0.50% in the previous month. Market expectation was for pending home sales to rise 0.10%.
BoJ kept its monetary policy steady
The Bank of Japan (BoJ), at its latest policy meeting, left its key short-term interest rate steady at -0.10% and maintained its zero target for the yield on 10-year government bonds. Moreover, the central bank pledged to keep interest rates “very low” for the time being and took measures to make its massive stimulus programme more flexible.
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