Economic news

ECONOMIC NEWS 18TH -22ND JULY

Highlights from the previous week: Canada Interest Rates remained unchanged at 0.50%. Australia Employment Change dropped by 11.3k from previous month, it was expected to come out at 10.1k but the actual came out at 7.9k which was 2.2k below expected figure while Unemployment Rate remained unchanged at 5.8%. UK official Bank Rates remained unchanged at 0.50%, the market was expecting a rate cut  by 0.25% post Brexit. U.S PPI increased by 0.2% and came out at 0.5% as opposed to expected figure of 0.3%, while U.S Unemployment Claims dropped by 9K and came out out at 254K as opposed to 263k expected. Canada Core CPI remained unchanged at 0.2%. U.S Core Retails Sales increased by 0.3% while U.S Retail Sales also got a positive print and increased by 0.5%. Below are the economic news to look out for this week.

 

News 18-22 JULY-1

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