Money Minute Monday 3 February: confirmation of a pickup in house prices

This week, we get an interest-rate decision in Australia; UK house price data; and employment figures from the USA

Good morning and welcome to Monday’s Money Minute, where we look ahead to this week’s biggest financial stories. 

On Tuesday, Australia’s central bank announces its latest decision on interest rates.The Reserve Bank of Australia is expected to hold its key interest rate at 0.75%, but markets still expect a cut later in the year.  

In the UK, we get another housing market update, this time from Halifax. Recent data on the market has suggested that it is picking up quite strongly, and the Halifax figures will likely confirm that. 

And at the end of the week, in the US, we get the all-important non-farm payrolls data, where we’ll learn how many jobs the US economy added in January. In common with most other developed countries, the labour market in the US is currently very strong. The numbers to watch are the unemployment rate - currently at 3.5% - and the figure for wage inflation, currently at 2.9%.

Recommended

How long can the good times roll?
Economy

How long can the good times roll?

Despite all the doom and gloom that has dominated our headlines for most of 2019, Britain and most of the rest of the developing world is currently en…
19 Dec 2019
Quiz of the week: 19-25 September
Economy

Quiz of the week: 19-25 September

Test your recollection of the events of the last seven days with MoneyWeek's quiz of the week.
25 Sep 2020
25 September 1996: the Taliban reach Kabul
This day in history

25 September 1996: the Taliban reach Kabul

After the end of Soviet involvement in Afghanistan, the Taliban reached the suburbs of the capital, Kabul, on this day in 1996.
25 Sep 2020
Bad data is driving fear of a second wave of Covid-19
UK Economy

Bad data is driving fear of a second wave of Covid-19

The recent spike in Covid-19 “cases” is very different to the original outbreak, says James Ferguson of MacroStrategy Partnership. The government need…
18 Sep 2020

Most Popular

The Bank of England should create a "Bitpound" digital currency and take the world by storm
Bitcoin

The Bank of England should create a "Bitpound" digital currency and take the world by storm

The Bank of England could win the race to create a respectable digital currency if it moves quickly, says Matthew Lynn.
18 Oct 2020
What would negative interest rates mean for your money?
UK Economy

What would negative interest rates mean for your money?

There has been much talk of the Bank of England introducing negative interest rates. John Stepek explains why they might do that, and what it would me…
15 Oct 2020
Last chance to secure a Bounce Back loan for your small business
Small business

Last chance to secure a Bounce Back loan for your small business

The government’s Bounce Back loan scheme will only run for another six weeks. Act now if you need to take advantage of it.
16 Oct 2020