A busier night for markets as far as announcements are concerned. Most of the information is emanating from the UK, with Europe and the US also releasing data.

Later tonight, the UK is publishing a few figures that are important to the economic outlook of the economy. This data includes: CPI, PPI Input, RPI, Core CPI, HPI, PPI Output and CB Leading Index. The headline figure that markets will be watching with interest in the CPI figure. CPI is the change in the price of goods and services purchased by consumers. These figures are important as it generally reflects consumer demand for products and services. Consumer demand enables prices to rise to ensure demand does not outstrip supply. These price rises enable more money to flow through the economy This is vital to a growing economy as it also reflects consumer confidence because consumers are more willing to spend money. The currency devaluation that has been experienced in the UK since the Brexit referendum also contributes to inflation as the pound is worth less, therefore requiring more money to purchase products/services.

Other figures set for publication includes:

Japan – Tertiary Industry Activity

Europe – French Final CPI, Italian Prelim GDP, European Flash GDP, European Trade Balance, German & European ZEW Economic Sentiment

US – Building Permits, Housing Starts, Capacity Utilisation Rate, Industrial Production and Mortgage Delinquencies