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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK RICS housing price balance rose more than expected in July
In the UK, the RICS housing price balance advanced 63.0% in July, as compared to rise of 65.0% in the prior month. Market expectations were for the housing price balance to rise 60.0%.
German CPI advanced as expected in July
In Germany, the CPI climbed 7.50% on a YoY basis in July, at par with market expectations and compared to rise of 7.60% in the previous month.
US CPI climbed less than anticipated in July
In the US, the CPI advanced 8.50% on a YoY basis in July, as compared to rise of 9.10% in the prior month. Market anticipations were for the CPI to record a rise of 8.70%.
US MBA mortgage applications advanced in the week ended 5 August 2022
In the US, the MBA mortgage applications rose 0.20% in the week ended 5 August 2022, as compared to a rise of 1.20% in the prior month.
US monthly budget deficit widened more than expected in July
In the US, monthly budget deficit widened to $211.00 billion in July, compared to a deficit of $89.00 billion in the previous month. Markets were expecting deficit to widen to $194.00 billion.
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