Guardian Stockbrokers Key Economic News Friday 11 June 2021

Share On Facebook
share on Linkedin
Print

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

©

ECB raised economic growth forecast and inflation projection

The European Central Bank (ECB), in its latest monetary policy decision, kept its benchmark interest rate unchanged at 0.00%, as widely expected. Further, the central bank raised its economic growth forecast to 4.6% for 2021 and 4.7% for 2022. Also, it forecasted annual inflation to reach 1.9% this year and 1.5% in 2022. Additionally, the ECB has committed to purchasing €1.85 trillion of bonds until March 2022 as part of its Pandemic Emergency Purchase Program.

US CPI rose more than expected in May

In the US, the CPI climbed 5.00% on a YoY basis in May, compared to an advance of 4.20% in the previous month. Markets were expecting the CPI to record an advance of 4.70%.

US initial jobless claims fell less than market expectations in the week ended 04 June 2021

In the US, initial jobless claims fell to 376.00 K in the week ended 04 June 2021, compared to a level of 385.00 K in the prior month. Markets were expecting initial jobless claims to drop to 370.00 K.

US budget deficit narrowed in May

In the US, budget deficit narrowed to $132.00 billion in May, compared to a deficit of $226.00 billion in the previous month.

Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.

Click Here to register for free on Investors Hub

This area of the investorshub.advfn.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of Investors Hub. Investors Hub does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at Investors Hub is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by investorshub.advfn.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments are closed

 


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.