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.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Take a position on indices
Deal on the world’s major stock indices today.
- Trade the lowest Wall Street spreads on the market
- 1-point spread on the FTSE 100 and Germany 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
- Forex
- Shares
- Indices
