🎈 Up Big Today: Find today's biggest gainers with our free screenerTry Stock Screener

House prices, retail sales and US non-farm payrolls: Macro week ahead

Published 29/11/2024, 13:37
© Reuters.  House prices, retail sales and US non-farm payrolls: Macro week ahead

Proactive Investors - House price and retail sales figures will be in focus this side of the Atlantic next week, while unemployment and non-farm payroll data will dominate in the US.

Monday brings Nationwide’s house price report, before Lloyd’s Halifax offers up its insight on the market on Friday.

Property firm Zoopla most recently reported an increase in prices through October, alongside a surge in activity thanks to falling interest and solid wage growth.

According to Trading Economics, consensus is for Nationwide to lay out a 2.4% increase for November.

Retail figures are due on Tuesday, alongside a string of PMI data from S&P for both the UK and US over the week, before all-important job market numbers across the pond on Friday.

Having added just 12,000 jobs in October, expectations are for non-farm payrolls to show a 183,000 uptick in roles across the US economy through November.

Unemployment is anticipated to have remained flat at 4.1% in the meantime.

October’s non-farm figures had been impacted by hurricanes and strikes by Boeing (NYSE:BA) workers, leaving attention on any revision for the month, AJ Bell (LON:AJBA) analysts noted.

“Downward changes to preliminary estimates tend to portend of a slowdown or recession, and upward changes of ongoing strong economic growth,” AJ Bell said, with the figures set to provide clarity on the Federal Reserve’s December interest rate decision.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.