UK Data Posted….PPI – In & Out and Trade Balance
PPI Input -0.2% exp + 0.2% after April -0.6% – +10.7 Y/Y
PPI Output -0.3% exp 0.10% after April 0.30%
Trade Balance – GBP 8.062bn exp – GBP 7.1bn after April’s – GBP 7.3bn which was revised to – 7.411bn

AUTOREFRESH 













David,
What will be the effect of this on UK market ?
The way I see it the data coming out of europe including the Uk is pretty good; it’s all been reasonably encouraging but doesn’t really change the macro picture. As you can see the market isn’t responding to the general economic data as it’s driven by focus on the short term S&P moves and the market positioning
[...] UK Data all looked reasonable but not a market mood to take notice of PPI and Trade Balance [...]