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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 climbed in June
In the UK, number of mortgage approvals for house purchases recorded a rise to a level of 66.40 K in June, compared to market expectations of a rise to a level of 65.80 K. In the previous month, number of mortgage approvals for house purchases had registered a revised level of 65.60 K.
UK net consumer credit rose in June
In the UK, net consumer credit recorded a rise of £1.00 billion in June, compared to a revised rise of £0.90 billion in the prior month.
US Dallas Fed manufacturing business index climbed in July
In the US, the Dallas Fed manufacturing business index climbed to a level of -6.30 in July, compared to a level of -12.10 in the previous month. Market expectation was for the index to climb to -6.00.
BoJ keeps its key interest rate unchanged
The Bank of Japan (BoJ), in its July monetary policy meeting, left its key interest rate steady at -0.10%, as widely expected and maintained its zero target for the yield on 10-year government bonds. Additionally, the central bank indicated that it intends to maintain the “current extremely low levels” of short and long-term interest rates for an extended period of time, at least through around spring 2020.
Japanese unemployment rate fell surprisingly in June
In Japan, unemployment rate registered an unexpected drop to a level of 2.30% in June, lower than market expectations of an unchanged reading. In the previous month, unemployment rate had recorded a level of 2.40%.
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