Guardian Stockbrokers Key Economic News Tuesday 14 July 2020

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

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UK retail sales across all sectors climbed in June

In the UK, retail sales across all sectors jumped 10.90% on a YoY basis in June, compared to a rise of 7.90% in the previous month.

US budget deficit widened in June

In the US, budget deficit widened to $864.00 billion in June, following a budget deficit of $399.00 billion in the previous month.

Australian business confidence index unexpectedly advanced in June

In Australia, the business confidence index recorded an unexpected rise to a level of 1.00 in June, compared to a reading of -20.00 in the prior month. Markets were expecting the business confidence index to record a plunge to a level of -87.00.

Australian business conditions index unexpectedly rose in June

In Australia, the business conditions index recorded an unexpected rise to a level of -7.00 in June, compared to a reading of -24.00 in the prior month. Market expectations were for the business conditions index to fall to a level of -39.00.

Chinese trade surplus narrowed in June

In China, trade surplus narrowed to $46.42 billion in June, compared to a trade surplus of $62.93 billion in the prior month. Market were expecting trade surplus to narrow to $58.60 billion.

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