Yesterday's session brought Australian House Prices data. The price index for residential properties for the weighted average of the eight capital cities rose 2.2% in the March quarter 2017. The index rose 10.2% through the year to the March quarter 2017. Total value of residential dwellings in Australia was $6,602,132.3m at the end of the March quarter 2017, rising $163,122.9m over the quarter. The mean price of residential dwellings rose $13,900 to $669,700 and the number of residential dwellings rose by 39,800 to 9,858,400 in the March quarter 2017.
In the US session Current Account figures were released. The U.S. current-account deficit increased to $116.8 billion (preliminary) in the first quarter of 2017 from $114.0 billion (revised) in the fourth quarter of 2016, according to statisticsreleased by the Bureau of Economic Analysis (BEA). The deficit increased to 2.5 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the fourth quarter.
There will be no major data releases both from Australia and USA tomorrow, so we can expect a bit steadier session.
