Nationwide house price index falls 1.8% YoY
In 2023 the FTSE 100 will have risen by a meagre 3%, compared to gains of over 18% for the DAX, and over 14% for the CAC40.
Japanese indices were the best performers in the APAC region. Nikkei 225 gained 28% in 2023, helped by a weak yen. Australia's S&P/ASX 200 gained around 8%, Hong Kong Hang Seng lost 14%. With one session to go, the Dow Jones has risen 13.5% in 2023, the S&P500 by 24.3%. But the best performance by far goes to the Nasdaq: Nasdaq composite jumped by 44%, the Nasdaq 100 by 55%.
British house prices
British house prices fell by 1.8% in the 12 months to December, according to Nationwide. This was a larger drop than expected. Economist had anticipated a 1.4% fall. In month-on-month terms, prices in December were flat compared with November. But a fall in mortgage rates in recent weeks has led to signs that the market might have bottomed out.
Chicago PMI and US dollar basket
Over in the US at 2.45pm, Chicago PMI is forecast to fall to 51 in December from 55.8 the previous month. In October the index unexpectedly rose to 55.8, well above forecast of 45.4. This was the first month of expansion since August 2022. On Thursday, the US dollar basket found a floor just above the 100 mark, after five straight days of decline.
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