Guardian Stockbrokers Key Economic News Tuesday 15 June 2021

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

Andrew Bailey says managing BoE’s £1 trillion balance sheet a ‘major issue’ post Covid

Bank of England (BoE) Governor, Andrew Bailey, in his latest speech, stated that British economic growth is recovering strongly from the coronavirus pandemic, but managing the country’s trillion-pound balance sheet would be one of the central bank’s biggest challenges over the next five years.

Euro-zone industrial production climbed more than expected in April

In the Euro-zone, seasonally adjusted industrial production rose 0.80% on a MoM basis in April, compared to a revised rise of 0.40% in the prior month. Markets were expecting the industrial production to record an advance of 0.20%.

RBA minutes: Australian economic downturn shallower than expected

Minutes of the Reserve Bank of Australia’s (RBA) June meeting signalled that members of the board agreed that it would be “premature” to consider ceasing the bond purchase program. The policymakers noted several scenarios for its quantitative easing program to be decided at the July policy meeting and also set parameters for extending its three-year government bond yield target. Further, the central bank indicated that policy would need to remain highly accommodative to reach full employment.

Australian house price index rose in 1Q 2021

In Australia, the house price index advanced 7.50% on a YoY basis in 1Q 2021, compared to an advance of 3.60% in the prior quarter

Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  ForexSQ

• 

  Beth Anne Lamar

• 

  Justin Waite

• 

  Long Over Short