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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI declined surprisingly in June
In the UK, the services PMI eased unexpectedly to a level of 50.20 in June, lower than market expectations of a steady reading. In the prior month, the services PMI had registered a reading of 51.00.
Euro-zone services PMI climbed in June
In the Euro-zone, the final services PMI advanced to a level of 53.60 in June, compared to market expectations of an advance to a level of 53.40. In the previous month, services PMI had registered a level of 52.90.
German services PMI climbed in June
In Germany, the final services PMI recorded a rise to a level of 55.80 in June, compared to a level of 55.40 in the previous month. Market anticipation was for services PMI to rise to 55.60.
US trade deficit rose in May
In the US, trade deficit widened to $55.50 billion in May, compared to a revised trade deficit of $51.20 billion in the previous month. Markets were anticipating the nation to record a trade deficit of $54.00 billion.
US services PMI unexpectedly rose in June
In the US, the final services PMI registered an unexpected rise to a level of 51.50 in June, compared to market expectations of a drop to a level of 50.70. In the previous month, the services PMI had recorded a level of 50.90.
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