Guardian Stockbrokers Key Economic News Wednesday 29 June 2022

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


Germany consumer confidence index declined less than expected in July

In Germany, the consumer confidence index fell to -27.40 in June, compared to revised reading of -26.20 in the prior month. Markets were expecting the index to fall to -27.70.

US goods trade deficit narrowed in May

In the US, goods trade deficit narrowed to $104.30 billion in May, compared to a deficit of $107.70 billion in the previous month.

US housing price index advanced more than anticipated in April

In the US, the housing price index rose 1.60% on a MoM basis in April, compared to a revised rise of 1.60% in the prior month. Markets were expecting the index to record a rise of 1.50%.

US Richmond Fed manufacturing index declined more than expected in June

In the US, the Richmond Fed manufacturing index fell to -19.00 in June, compared to a reading of -9.00 in the previous month. Markets anticipations were for the index to fall to a level of -11.00.

UK BRC shop price index rose in May

In the UK, the BRC shop price index registered a rise of 3.10% on a YoY basis in May, compared to a rise of 2.80% in the previous month.

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