The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
British house prices ascend, although missing forecasts
In November, British house prices tacked on marginally, a bit below hopes and proceeding with the recent trend of small revenues.
In November, prices gained by a monthly 0.1%, as Nationwide Building Society's data disclosed, versus October's 0.2% surge as well as a forecast predicting a 0.2% leap. Versus November 2016, house prices inched up by 2.5%, which is the same as October's annual rate of surge.
The stable if moderate ascend in prices happens to be in line with the marginal hikes in annual house price surge numbers since March. Evidently, high employment as well as low mortgage rates, in addition to lack of supply in housing, backs demand, although prices are being suppressed by the squeeze on household incomes, which is keeping the rate of surge in rather a narrow range.
Additionally, the Nationwide data disclosed that the fresh Budget decision to cancel stamp duty for first time purchasers had rather a minor effect on prices because in many parts of Great Britain first time buyers were buying houses, falling under the last price threshold of GBP125,000.
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The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.