EUR/USD
1.16847
-0.029%
Gold
4453.56
-0.916%
Oil
56.818
-0.004%
USD/JPY
156.516
-0.096%
GBP/USD
1.34901
-0.084%
GBP/JPY
211.146
-0.116%
Real-time News
British Prime Minister Starmer: There is no disagreement between Britain and the United States on the issue of security guarantees for Ukraine.On January 7th, Bert Colijn of ING stated in a report that the European Central Bank (ECB) can wait for more economic data before deciding on its next move. Eurozone inflation fell to its target level of 2.0% in December from 2.1% in November. He pointed out that looking ahead to the next few months, a stronger euro, low energy prices, and slowing wage growth all suggest that price increases will further moderate. However, due to recent increases in business expectations for selling prices, inflation is not expected to fall significantly below 2%. Colijn believes that inflation may face renewed upward pressure later in 2026, as fiscal spending is expected to provide a modest boost to economic growth. He added that the ECB is "fully capable of waiting for more signals about the direction of the economy and inflation before deciding on its next move."January 7th - U.S. mortgage rates fell to their lowest level since September 2024 last week, offering a glimmer of hope for a sluggish housing market at the start of the new year. According to data released Wednesday by the Mortgage Bankers Association (MBA), the contracted rate for a 30-year mortgage fell 7 basis points to 6.25% in the week ending January 2nd. The rate for a 30-year large mortgage used to purchase an expensive home fell to 6.32%, the lowest point since April 2023. These figures are encouraging for a housing market that has struggled with affordability issues in recent years. According to the National Association of Realtors (NARL), pending orders have risen for four consecutive months, indicating a strengthening sales momentum as the new year begins. Despite the decline in borrowing costs, the MBAs seasonally adjusted homebuying index fell 6.2% last week. However, reduced buyer interest and increased volatility around the year-end holidays are normal. Meanwhile, the refinancing measure rose 7.4% after adjustments.British Prime Minister Starmer: The number of troops deployed in Ukraine after the ceasefire will be determined according to our military plans.On January 7th, Russ Mould, Investment Director at AJ Bell, stated that the rise in share prices of UK property developers is driven by market hopes that the countrys construction sector has bottomed out. Although the UK S&P Purchasing Managers Index (PMI) rose slightly to 40.1 in December from 39.4 in the previous month, it remained below analysts expectations. However, among the managers surveyed, nearly 40% predicted an increase in output levels by 2026, while 20% predicted a decline. Mould pointed out that property developers share prices started low last year due to a generally pessimistic market outlook on the UK economy, allowing them to benefit from expectations of a rebound, coupled with the possibility of further interest rate cuts. Driven by this news, Barratt Redrows share price rose by 3%, while Persimmon and Taylor Wimpey rose by 2.6% and 2.3% respectively.
