Today’s U.S. housing market data surprised to the upside. Home prices rose 0.6% m/m versus 0.3% expected and 0.4% previously, while prices in the 20 largest U.S. metro areas showed a 1.4% y/y increase versus 1.2% forecasts and 1.3% previously.
In addition, the weekly ADP employment change came in at 7.5k jobs, compared with 8k previously. Attention now turns to the Conference Board index and the Richmond Fed regional index, both due at 16:00. The US100 index is rising ahead of the U.S. market open and is approaching the key 26,000 level.
Source: xStation5
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