Money Minute Wednesday 8 January: UK house prices and Chinese inflation

In today's Money Minute we look ahead to the latest report on house prices from Halifax; plus inflation in China and European business confidence.

In the UK this morning, we get the latest report on house prices from Halifax.It's likely to show that house price growth across the UK was basically flat last year.Estate agents will doubtless be keen to promote the idea of a post-election bounce this year. Whether it materialises is another matter.

In the eurozone this morning, the latest snapshot of business and consumer confidence is due out.Analysts expect the December economic sentiment survey to come in at around 101. That points to weak economic growth for the fourth quarter of last year, but no recession.

Factory orders are also due from Germany, where the manufacturing sector remains in a very fragile state.

Also worth noting early tomorrow morning UK time, we get China's latest inflation data. Chinese consumer price inflation spiked last year as an epidemic of African Swine Fever drove up the price of pork, a key component of China's inflation basket.Consumer price index inflation is expected to come in at around 4.5%.

Recommended

Amazon halts plans to ban UK Visa credit card payments
Personal finance

Amazon halts plans to ban UK Visa credit card payments

Amazon has said that it is to shelve its proposed ban on UK customers making payments with Visa credit cards.
17 Jan 2022
The booming jobs market points to inflation lasting for longer
Economy

The booming jobs market points to inflation lasting for longer

It’s a good time to be looking for a job, with plenty of vacancies and wages rising. But higher wagers are driving inflation up – and it’s not just a …
11 Jan 2022
The MoneyWeek Podcast: happy new year! Are we in for a year of misery?
Investments

The MoneyWeek Podcast: happy new year! Are we in for a year of misery?

Merryn and John ring in 2022 with the first podcast of the new year, discussing energy prices, house prices and interest rates, plus the definition of…
7 Jan 2022
The half-full glass: four big economic events that could go right in 2022
Economy

The half-full glass: four big economic events that could go right in 2022

After a year in which many people’s positive hopes were dashed by reality, John Stepek looks forward to 2022 with four scenarios that could go right n…
31 Dec 2021

Most Popular

US inflation is at its highest since 1982. Why aren’t markets panicking?
Inflation

US inflation is at its highest since 1982. Why aren’t markets panicking?

US inflation is at 7% – the last time it was this high interest rates were at 14%. But instead of panicking, markets just shrugged. John Stepek explai…
13 Jan 2022
Five unexpected events that could shock the markets in 2022
Stockmarkets

Five unexpected events that could shock the markets in 2022

Forget Covid-19 – it’s the unexpected twists that will rattle markets in 2022, says Matthew Lynn. Here are five possibilities
31 Dec 2021
Tech stocks teeter as US Treasury bond yields rise
Tech stocks

Tech stocks teeter as US Treasury bond yields rise

The realisation that central banks are about to tighten their monetary policies caused a sell-off in the tech-heavy Nasdaq stock index and the biggest…
14 Jan 2022