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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house price balance rose in May
In the UK, the house price balance climbed to 83.00% in May, compared to 75.00% in the previous month.
German trade surplus widened less than expected in April
In Germany, trade balance widened to €15.90 billion in April, compared to a revised surplus of €14.00 billion in the previous month. Markets were expecting the surplus to widen to €19.50 billion.
German current account surplus narrowed less than anticipated in April
In Germany, current account surplus narrowed to €21.30 billion in April, compared to a revised surplus of €30.00 billion in the prior month. Markets were expecting the surplus to narrow to €20.10 billion.
US mortgage applications dropped in the week ended 04 June 2021
In the US, the mortgage applications declined 3.10% in the week ended 4 June 2021, compared to a drop of 4.00% in the previous week.
Australian new home sales climbed in May
In Australia, new home sales jumped 15.20% on a MoM basis in May, compared to a fall of 54.40% in the previous month.
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