January 21, 2026
United States:
US Home-Purchase Applications Climb to Highest Since 2023
US mortgage applications for home purchases climbed last week to the highest since January 2023, suggesting a further easing in financing costs is contributing to a thaw in the housing market.
The Mortgage Bankers Association’s index of home-purchase applications rose 5.1% in the week ended Jan. 16, data from the group showed Wednesday.
Europe:
UK Posts 3.4% Inflation Rate in Pickup Set to Be Temporary
UK inflation accelerated for the first time in five months, a pickup that’s expected to prove temporary with government measures set to dampen price pressures in the spring.
Consumer prices rose 3.4% from a year earlier in December, up from a 3.2% pace the previous month, the Office for National Statistics said on Wednesday.
Asia:
Japan Union Head Calls on Government to Stabilize FX, Prices
The leader of Japan’s largest labor union group urged Prime Minister Sanae Takaichi’s government to stabilize currencies and prices, as inflation continues to hit households and workers.
“The yen’s current weakness is fueling import-driven inflation, and prices are rising above the 2% target set by the government and the Bank of Japan,” Tomoko Yoshino, chair of Japan’s largest labor union federation Rengo, said in a group interview on Wednesday.
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