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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK number of mortgage approvals for house purchases dropped in May
In the UK, the number of mortgage approvals for house purchases unexpectedly dropped to 9.30 K in May, compared to a revised level of 15.90 K in the prior month.
UK net consumer credit fell more than expected in May
In the UK, net consumer credit registered a drop of £4.60 billion in May, compared to a fall of £7.40 billion in the prior month. Markets were expecting net consumer credit to record to a fall of £4.50 billion.
Euro-zone consumer confidence index rose in June
In the Euro-zone, the final consumer confidence index climbed to a level of -14.70 in June, in line with expectations and compared to a reading of -18.80 in the previous month.
Euro-zone economic sentiment indicator advanced in June
In the Euro-zone, the economic sentiment indicator rose less-than-expected to a level of 75.70 in June, compared to a reading of 67.50 in the prior month. Markets were expecting the economic sentiment indicator to rise to a level of 80.00.
US pending home sales rose in May
In the US, pending home sales surged 44.30% on a MoM basis in May, compared to a drop of 21.80% in the prior month.
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