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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK mortgage approvals for house purchases climbed in April
In the UK, the number of mortgage approvals for house purchases climbed to a level of 66.30 K in April, higher than market expectations of a rise to level of 63.70 K. In the prior month, number of mortgage approvals for house purchases had recorded a revised reading of 62.60 K.
UK house prices unexpectedly slid in May
In the UK, the seasonally adjusted house prices unexpectedly fell 0.20% on a MoM basis in May, less than market expectations for a steady reading. In the previous month, house prices had climbed by a revised 0.30%.
German CPI advanced less than expected in May
In Germany, the preliminary consumer price index (CPI) registered a rise of 0.20% on a MoM basis in May, less than market expectations for a rise of 0.30%. In the prior month, the CPI had risen 1.00%.
German retail sales advanced more than expected in April
In Germany, retail sales rose 4.00% on an annual basis in April, compared to a drop of 2.10% in the previous month. Market expectation was for retail sales to rise 1.40%.
US Michigan consumer sentiment index rose in May
In the US, the Michigan consumer sentiment index registered a rise to a level of 100.00 in May, compared to a level of 97.20 in the previous month. Markets were anticipating the consumer sentiment index to rise to reading of 101.50.
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