The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales surprisingly eased in June
On a monthly basis, retail sales in the UK registered an unexpected drop of 0.50% in June, compared to a revised rise of 1.40% in the previous month. Market anticipation was for retail sales to advance 0.20%.
Swiss exports rose in June
In Switzerland, exports rose 0.50% on a monthly basis, in June. In the prior month, exports had recorded a revised rise of 0.30%.
US leading indicator advanced more than expected in June
In the US, leading indicator rose 0.50% on a MoM basis, in June, higher than market expectations for a rise of 0.40%. Leading indicator had recorded a revised flat reading in the prior month.
US Philadelphia Fed manufacturing index climbed in July
In the US, Philadelphia Fed manufacturing index recorded a rise to a level of 25.70 in July, compared to market expectations of an advance to a reading of 21.50. The index had recorded a level of 19.90 in the previous month.
US initial jobless claims surprisingly dropped in the last week
The seasonally adjusted initial jobless claims in the US unexpectedly eased to a level of 207.00 K in the week ended 14 July 2018, compared to market expectations of an advance to a reading of 220.00 K. In the previous week, initial jobless claims had registered a revised level of 215.00 K.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.