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.
ECB keeps interest rates unchanged, signals at further monetary easing
The European Central Bank (ECB), in its July monetary policy meeting, left its benchmark interest rate unchanged at 0.00%, as widely expected. Further, the central bank stated that it expects the interest rates to remain at their present levels through the first half of 2020. Meanwhile, the central bank also hinted the possibilities of restarting the bond-buying programme in order to support lending and inflation. Additionally, the ECB President Mario Draghi stated that the expansion of the region’s economy would need substantial level of monetary stimulus to its current financial conditions.
German Ifo business climate index dropped in July
In Germany, the Ifo business climate index fell to a level of 95.70 in July, compared to market expectations of a drop to 97.20. The index had registered a revised reading of 97.50 in the previous month.
German Ifo current assessment index declined in July
In Germany, the Ifo current assessment index registered a drop to a level of 99.40 in July, lower than market expectations of a drop to a level of 100.40. The index had recorded a revised level of 101.10 in the previous month.
US advance goods trade deficit narrowed in June
In the US, advance goods trade deficit narrowed to $74.20 billion in June, from a revised advance goods trade deficit of $75.00 billion in the prior month. Market anticipation was for the nation to record an advance goods trade deficit of $72.50 billion.
US initial jobless claims surprisingly eased in the last week
In the US, the seasonally adjusted initial jobless claims registered an unexpected drop to a level of 206.00 K in the week ended 20 July 2019, compared to a reading of 216.00 K in the prior week. Market expectation was for initial jobless claims to advance to 218.00 K.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
