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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house price balance advanced in June
In the UK, the house price balance registered a rise to a level of -15.00% in June, compared to a level of -32.00% in the previous month. Markets were expecting the house price balance to record a rise to a reading of -25.00%.
US number of mortgage applications rose in the week ended 3 July 2020
In the US, the number of mortgage applications advanced 2.20% on a weekly basis in the week ended 3 July 2020, compared to a fall of 1.80% in the prior week.
US consumer credit fell more than expected in May
In the US, consumer credit dropped by $18.28 billion in May, compared to a revised plunge of $70.19 billion in the prior month. Markets were expecting consumer credit to decline by $17.50 billion.
Australian home loan approvals eased in May
In Australia, seasonally adjusted home loan approvals declined 11.60% on a MoM basis in May, in Australia. In the prior month, home loan approvals had fallen 4.80%.
Chinese CPI advanced as expected in June
In China, the consumer price index (CPI) recorded a rise of 2.50% on a YoY basis in June, in line with market expectations and compared to a rise of 2.40% in the previous month.
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