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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index dropped less than expected in June
In the UK, the Halifax house price index eased 0.30% on a MoM basis in June, less than market expectations for a fall of 0.40%. The Halifax house price index had climbed 0.50% in the prior month.
German factory orders dropped more than expected in May
In Germany, the seasonally adjusted factory orders dropped 2.20% on a MoM basis in May, more than market expectations for a fall of 0.20%. Factory orders had registered a revised rise of 0.40% in the previous month.
US non-farm payrolls rose in June
In the US, non-farm payrolls registered a rise to a level of 224.00 K in June, following a revised gain to a level of 72.00 K in the prior month. Markets were anticipating non-farm payrolls to advance a reading of 160.00 K.
US unemployment rate surprisingly rose in June
In the US, unemployment rate registered an unexpected rise to 3.70% in June, compared to a reading of 3.60% in the prior month. Markets were anticipating unemployment rate to remain unchanged.
US average hourly earnings of all employees advanced less than expected in June
In the US, average hourly earnings of all employees advanced 0.20% on a MoM basis in June, compared to a revised rise of 0.30% in the previous month. Market expectation was for average hourly earnings of all employees to advance 0.30%.
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