US S&P/Case-Shiller Home Price Index rises 3.9% in September vs 4% expected
|The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 3.9% annual change in September, up from a 2.5% change in the previous month, S&P reported. Market consensus was for a 4% increase.
According to the Federal Housing Finance Agency (FHFA) seasonally adjusted House Price Index, house prices rose in September 0.6% from August, surpassing market expectations of a 0.4% increase.
Market reaction
The US Dollar Index (DXY) remains under pressure, trading near 103.00, at the lowest level in almost three months. More data from the US is due later on Tuesday with CB Consumer Confidence. Also, many Federal Reserve (Fed) official will speak.
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