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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone trade surplus fell in March
The seasonally adjusted trade surplus in the Euro-zone dropped to €17.90 billion in March, from a trade surplus of €19.50 billion in the prior month. Market expectation was for the region’s trade surplus to narrow to €19.40 billion.
US Philadelphia Fed manufacturing index climbed in May
In the US, Philadelphia Fed manufacturing index recorded a rise to a level of 16.60 in May, compared to market expectations of a rise to 9.00. In the prior month, Philadelphia Fed manufacturing index had recorded a level of 8.50.
US initial jobless claims dropped in the last week
In the US, the seasonally adjusted initial jobless claims registered a drop to a level of 212.00 K in the week ended 11 May 2019, compared to a reading of 228.00 K in the previous week. Markets were expecting initial jobless claims to fall to a level of 220.00 K.
US housing starts advanced in April
In the US, housing starts rose 5.70%, to an annual rate of 1235.00 K on a MoM basis, in April, compared to a revised reading of 1168.00 K in the prior month. Market expectation was for housing starts to advance to a level of 1209.00 K.
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