Scheduled market events
U.S. – The Federal Reserve due to announce interest rate decision at: 19:00 GMT followed by press conference at: 19:30 GMT.
U.S. current interest rate is: 1.75% – the consensus is for it to remain at 1.75%
Germany – consumer confidence survey data due
UK – Nationwide house price data due
U.S. – home sales data due at: 15:00 GMT
German consumer confidence
Consumer confidence survey data shows a small increase from previous the reading of 9.7 to 9.9
UK house prices climb in January
UK annual house prices jumped to a 14 month high in January, according to data released today from the Nationwide. Average property prices were 1.9% higher than a year earlier with the average UK home now worth around £215,900.
See Nationwide house price data
U.S. – The Federal Reserve holds interest rates
Chairman Jerome Powell remarked that the virus outbreak in mainland China would have at least a short term effect.
He also noted that U.S. manufacturing had yet to see a ‘decisive recovery’ and that the inflation target remains at the centre of economic policy.
The Fed kept interest rates unchanged at 1.5 to 1.75 per cent. He also noted that U.S. manufacturing had yet to see a decisive recovery and that the inflation target remains at the centre of its economic policy.