Guardian Stockbrokers Key Economic News Tuesday 5 July 2022

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

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Euro-zone PPI advanced less than expected in May

In the Euro-zone, the PPI climbed 36.30% on a YoY basis in May, compared to a rise of 37.20% in the previous month. Markets were expecting the PPI to record a rise of 36.70%.

Euro-zone Sentix investor confidence index declined more than anticipated in July

In the Euro-zone, the Sentix investor confidence index fell to -26.40 in July, compared to a reading of -15.80 in the prior month. Markets anticipations were for the index to record a fall to -19.90.

Germany posted a trade deficit in May

Germany reported a trade deficit of €1.00 billion in May, compared to a revised surplus of €3.00 billion in the prior month. Markets were expecting the surplus to narrow to €2.40 billion.

RBA raises key interest rate

The Reserve Bank of Australia (RBA), in its latest monetary policy decision, raised its benchmark interest rate by half a percentage point to 1.35%, as widely expected.

Chinese Caixin/Markit services PMI index rose in June

In China, the Caixin/Markit services PMI index advanced to a level of 54.50 in June, compared to a reading of 41.40 in the previous month.

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