From the UK, yesterday, Halifax house prices figures were published. House prices in the UK are rising at their fastest rate since the start of the year, largely due to a shortage of homes on the market, according to mortgage lender Halifax. Its house price index shows property values up 4.5% between August and October compared with the same period in 2016, the fastest pace of growth since February. The average house price was up 0.3% between September and October, rising to a record £225,826. The annual rate hit a post-financial crisis peak of 10% in March 2016, a few months before the Brexit vote, before falling to 2.1% in July this year. Since then price growth has picked up again.
In the U.S. session job openings data was released. On the last business day of September, there were 6.1 million job openings, little changed from August. Job openings have been at or near record high levels since June. The job openings rate was 4.0 percent in September. The number of job openings was little changed for total private and for government. Job openings increased in professional and business services (+156,000), other services (+52,000), state and local government education (+36,000), and federal government (+15,000).
There will be no major data releases both from the UK and USA tomorrow, so we can expect a bit steadier session.
