Guardian Stockbrokers Key Economic News Monday 13 July 2020

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

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US PPI fell more than expected in June

In the US, the producer price index (PPI) unexpectedly fell 0.20% on a MoM basis in June, compared to a rise of 0.40% in the previous month. Markets were expecting the PPI to record a gain of 0.40%.

Canadian unemployment rate fell in June

In Canada, the unemployment rate eased less than expected to 12.30% in June, compared to a rate of 13.70% in the prior month. Markets were anticipating the unemployment rate to fall to 12.00%.

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