Fast Europe Open: UK inflation, house prices

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It is, for the most part, UK news front and centre today with the release of national inflation and house price data this morning.

This comes in the wake of Monday’s news that Theresa May intends to trigger Article 50 of the Lisbon treaty, which will officially inform the EU of the UK’s intention to withdraw from the bloc, on March 29.

While that led to some wild trading the pound late on Monday, the Asian session today has been relatively calm, with sterling sitting flat at $1.2358.

European markets inherit a mixed lead from the East, where Japan’s Topix was down 0.3 per cent, Hong Kong’s Hang Seng was up 0.3 per cent and Australia’s S&P/ASX 200 closed 0.1 per cent lower. The US dollar index, was down 0.1 per cent at 100.28, facing its fourth decline in five sessions.

Due to deliver earnings today are Volkswagen, as well as drink maker Fever-Tree and homebuilder Bellway. Here is today’s economic calendar:

  • 09.00: Norway wealth fund report
  • 09.30: UK inflation
  • 09.30: UK house prices
  • 09.30: UK public finances
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