Though, there were no major data releases from the UK today, early this morning Rightmove released its house price data. London asking prices have gone up 10% in the last year, yet some experts are warning the market could run out of steam in 2016. Prices are down 0.5% compared with last month, according to figures published by property website Rightmove this morning. The smallest December dip since 2008 took asking price growth to 9.9% annually. It is faster than November’s annual rate of growth of 8.1%. “Whilst a fall is the norm at this time of year, this is December’s best price performance in the capital since 2008,” said Rightmove director Miles Shipside.
Focus of tomorrow's session will be on UK CPI and PPI figures. Analysts predict increase by 0.1% in CPI, while PPI should incline by 0.9%. In the US session CPI and Empire State Manufacturing Index data will be published. While no change is expected for CPI, Empire State Manufacturing Index should rise to -5.7.
Figures to watch:
CPI/PPI Input (Tuesday 10:30)
CPI (Tuesday 14:30)
Empire State Manufacturing Index (Tuesday 14:30)
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