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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer confidence unexpectedly rose in July
In the UK, the consumer confidence climbed unexpectedly to a level of -11.00 in July, higher than market expectations of a steady reading. The consumer confidence had recorded a level of -13.00 in the prior month.
Euro-zone economic sentiment indicator declined in July
In the Euro-zone, the economic sentiment indicator eased to a level of 102.70 in July, higher than market expectations of a drop to a level of 102.60. The economic sentiment indicator had registered a level of 103.30 in the prior month.
Euro-zone consumer confidence index advanced in July
In the Euro-zone, the final consumer confidence index recorded a rise to a level of -6.60 in July, meeting market expectations, compared to a level of -7.20 in the previous month.
German CPI advanced more than expected in July
In Germany, the flash consumer price index (CPI) advanced 1.70% on a YoY basis in July, more than market expectations for a rise of 1.50%. The CPI had advanced 1.60% in the previous month.
US consumer confidence index rose in July
In the US, the consumer confidence index recorded a rise to a level of 135.70 in July, compared to market expectations of a rise to a reading of 125.00. The index had registered a revised level of 124.30 in the prior month.
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