China’s economy expanded at an annualised rate of 6.7 percent in the second quarter of this year, in line with broad market consensus. Compared to the first three months of the year, GDP (gross domestic product)
The seasonally adjusted US Producer Price Index (PPI) advanced 0.3 percent in June after registering a 0.5-percent rise the previous month, according to information published by the US Bureau of Labor Statistics.
The looming trade war between the United States and China, the world’s two largest economies, just turned official with the US imposing 25-percent duties on $34 billion worth of Chinese goods from Friday, July 6.
According to the State Secretariat for Economic Affairs (SECO), the Swiss economy expanded by 0.6 percent in the January-to-March quarter of 2018. The numbers more or less aligned with those in the previous three quarters, while exceeding market expectations of a 0.5-percent growth.
Aligning with market expectations, the unemployment rate in Japan came in at 2.5 percent in April, unchanged for the third consecutive month this year. The unemployment rate for jobseekers in the age group ranging between 15 and 24 years of age also remained stable at 3.8 percent.
According to the advance gross domestic product (GDP) figures released by the Bureau of Economic Analysis (BEA), the US economy expanded at an annual pace of 2.3 percent in the first quarter of this year
Business activity in the United Kingdom’s manufacturing sector continued to slip in April, after peaking in November of last year. The weakening in manufacturing activity was led by multiple factors, including a decline in business optimism
The IHS Markit Eurozone Manufacturing PMI (Purchasing Managers’ Index) came in at 56.2 for April, below the 56.6 reported in March and higher than the flash estimate reading at 56.
The three major indices in the United States are generally characterised as the S&P 500, the Dow Jones Industrial Average (DJIA) and tech index NASDAQ.
Consumer price inflation has remained a concern both in the eurozone and the United Kingdom. While in the UK, inflation has been lingering at the 3-percent mark for the last few months after climbing to 3.1 percent in November of last year