From the UK, yesterday, UK House Price data was released. UK house prices increased by 0.8% in December, with the annual pace of house price growth picking up to 4.5%, from 3.7% in November. Analysts were anticipating 0.4% increase. After moderating during the first six months of 2015, house price growth remained in a narrow range between 3% and 4.5% in the second half of the year. This is broadly in line with earnings growth and close to the pace we would expect to prevail over the longer term.
Tomorrow's session will bring only minor importance Housing Equity Withdrawal data. Report should show amount of -10.5 billion pounds. In the US session Unemployment Claims and Chicago PMI figures are scheduled for a release. Unemployment Claims are expected to increase to 274,000, while Chicago PMI should incline to 50.4.
Figures to watch:
Housing Equity Withdrawal (Thursday 10:30)
Unemployment Claims (Thursday 14:30)
Chicago PMI (Thursday 15:15)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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