The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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Germany consumer confidence index declined less than expected in July
In Germany, the consumer confidence index fell to -27.40 in June, compared to revised reading of -26.20 in the prior month. Markets were expecting the index to fall to -27.70.
US goods trade deficit narrowed in May
In the US, goods trade deficit narrowed to $104.30 billion in May, compared to a deficit of $107.70 billion in the previous month.
US housing price index advanced more than anticipated in April
In the US, the housing price index rose 1.60% on a MoM basis in April, compared to a revised rise of 1.60% in the prior month. Markets were expecting the index to record a rise of 1.50%.
US Richmond Fed manufacturing index declined more than expected in June
In the US, the Richmond Fed manufacturing index fell to -19.00 in June, compared to a reading of -9.00 in the previous month. Markets anticipations were for the index to fall to a level of -11.00.
UK BRC shop price index rose in May
In the UK, the BRC shop price index registered a rise of 3.10% on a YoY basis in May, compared to a rise of 2.80% in the previous month.
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