020 7898 0500It was a bit of a mixed day for the US on Friday, as we learned that import prices rose higher than expected, while the housing market showed signs of strength. The markets had expected import prices to increase by 0.6%, but the figure was actually 1%. Meanwhile, housing starts in January came in at 1.326 million units against the expected 1.234 million.
The University of Michigan’s consumer sentiment for the US was expected to come in at 95.5 in February from 95.7 in January. However, the actual figure was 99.9 – the second highest reading since 2004.
There are no economic data releases scheduled for today, but on Wednesday we will see existing home sales for January. We will also see a raft of Markit purchasing managers’ index releases. We will see the composite, manufacturing and services PMI for February.
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