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UK Rightmove House Prices YY (Jan) 0.5% (Prev. -0.6%)

The January Rightmove house prices show a year-over-year increase of 0.5%, which reverses the previous decline of -0.6%.

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South Korean Trade Ministry says South Korea and China are to hold a new round of free-trade negotiations on services and investment

[MARKET UPDATE] Nikkei 225 opens -0.8% while the KOPSI outperforms equity markets, +0.2%; Bitcoin falls ~USD 1,500 at the Japanese/South Korean open

UK Rightmove House Prices YY (Jan) 0.5% (Prev. -0.6%)

Japanese Machinery Orders MoM (Nov) M/M -11% vs. Exp. -5.1% (Prev. 7%)

Japanese Machinery Orders YoY (Nov) Y/Y -6.4% vs. Exp. 4.9% (Prev. 12.5%)

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Context

This improvement may signal a modest recovery in the UK housing market, suggesting a potential shift in consumer sentiment that could influence both monetary policy considerations and broader economic growth forecasts.

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