There were no data releases from the UK yesterday. The expected onslaught of up to 10,000 Brexit bankers could further exacerbate the already tense situation on Frankfurt’s condominium market. Residential Real estate is often cheaper compared to London, making it more affordable for many in the financial industry. Asking prices for condominiums have already increased by 10.7 in the second half of 2017 over the same period of the previous year, according to a study by real estate service provider Jones Lang LaSalle Inc. Compared to 2004, the increase stands at 99 percent.
In the US session Trade Balance figures were released. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $53.1 billion in December, up $2.7 billion from $50.4 billion in November, revised. December exports were $203.4 billion, $3.5 billion more than November exports. December imports were $256.5 billion, $6.2 billion more than November imports.
There will be no major data releases both from the UK and USA tomorrow, so we can expect a bit steadier session.
