Hot Features
Premium
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors rose more than expected in April
In the UK, retail sales across all sectors recorded a rise of 3.70% on an annual basis, in April, compared to a drop of 1.10% in the prior month. Markets were anticipating retail sales across all sectors to rise 2.50%.
European Commission trims GDP forecasts for 2019 and 2020
The European Commission slashed the Eurozone’s economic growth forecasts for 2019 and 2020 to 1.2% and 1.5%, respectively, down from its prior estimate of 1.3% and 1.6%, respectively, amid a slowdown in global trade, weakness in manufacturing sector activity as well as uncertainties surrounding Brexit.
German factory orders rose less than expected in March
The seasonally adjusted factory orders in Germany climbed 0.60% on a monthly basis, in March, lower than market expectations for an advance of 1.40%. Factory orders had recorded a revised drop of 4.00% in the previous month.
US consumer credit advanced less than expected in March
Consumer credit in the US recorded a rise of $10.28 billion in March, less than market expectations for an advance of $16.00 billion. In the prior month, consumer credit had recorded a revised rise of $15.45 billion.
BoJ to hold extremely low interest rates until spring 2020
The Bank of Japan (BoJ), in its March meeting minutes, stated that it would maintain interest rates at super-low levels until at least the spring of 2020, in a move to dismiss any doubt over its commitment to ultra-loose policies.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
