In the US session New Home Sales figures were published. Sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8 percent below the revised December rate of 643,000 and is 1.0 percent) below the January 2017 estimate of 599,000. The median sales price of new houses sold in January 2018 was $323,000. The average sales price was $382,700. The seasonally-adjusted estimate of new houses for sale at the end of January was 301,000. This represents a supply of 6.1 months at the current sales rate.
From Eurozone, German and Spanish CPI datawill be released. German CPI is expected to rose by 0.5%, while Spanish CPI should grow by 0.9%. In the US session, Durable Goods Orders and CB Consumer Confidence figures will be published. Analysts predict 2.4% decrease in Durable Goods Orders and incline to 126.2 CB Consumer Confidence. However, the focus of the session will be on Fed Chair Powell testimony.
Figures to watch:
German Prelim CPI (Tuesday)
Spanish Flash CPI (Tuesday 9:00)
Durable Goods Orders (Tuesday 14:30)
Fed Chair Powell Testifies (Tuesday 14:30)
CB Consumer Confidence (Tuesday 16:00)
