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European Economics News Preview: UK Nationwide House Price Data Due
(RTTNews) - House price data from the UK is the major economic news due on an otherwise light Friday.
At 2.00 am ET, UK Nationwide house price data is due for December. House price inflation is expected to ease to 2.3 percent from 4.4 percent in November.
At 3.00 am ET, the Swiss KOF leading indicator is due. Economists forecast the index to rise to 90.5 in December from 89.5 a month ago.
In the meantime, Spain's INE is scheduled to issue flash consumer and harmonized prices for December. EU harmonized inflation is forecast to ease to 6.0 percent from 6.7 percent in November.
At 4.00 am ET, Bank of Spain releases the balance of payments for October.
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Another data from Eurostat showed that services production decreased 0.3 percen
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The commodity-linked currencies such as the Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Monday, as Asian stock markets traded lower amid ongoing concerns about U.S. tariffs after U.S. President Donald Trump announced that his government will send letters to around 170 trading partners outlining new, simple unilateral tariffs that will take effect on August 1.
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Weak Sentiment In Asian Markets
Trade tariff related jitters swayed sentiment in Asian markets on Monday.
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