Hot Features
Premium
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI declined in August
In the UK, the services PMI recorded a drop to a level of 50.60 in August, compared to a reading of 51.40 in the prior month. Market anticipation was for the services PMI to fall to a level of 51.00.
Euro-zone services PMI climbed in August
In the Euro-zone, the final services PMI climbed to a level of 53.50 in August, compared to a level of 53.20 in the previous month. Market expectation was for services PMI to rise to a reading of 53.40.
Euro-zone retail sales fell in July
In the Euro-zone, the seasonally adjusted retail sales eased 0.60% on a MoM basis in July, at par with market expectations. Retail sales had climbed by a revised 1.20% in the prior month.
Fed’s Beige Book: US economy expanded at ‘modest pace’ despite trade uncertainty
According to the US Federal Reserve’s (Fed) latest Beige Book report, the US economy grew at a modest pace in recent weeks, despite rising trade tensions between the US and China. Meanwhile, it indicated that majority of businesses remained optimistic about the near-term outlook, despite growing concerns regarding tariffs and trade policy uncertainty.
BoC keeps key interest rate unchanged
The Bank of Canada (BoC), in its latest monetary policy meeting, kept its benchmark interest rate steady at 1.75%, as widely expected. The central bank stated that the Canadian economy is growing at a healthy clip despite uncertainty over international trade. However, it warned that escalating US-China trade war is damaging the global economy more than it had forecasted in July.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
