Quick Overview

• U.S. New-home sales fell 4.7% MoM, and 26% YoY. The median price of a new home fell 10% YoY to $219,200.
  
  

• The Fed meets tomorrow and Wednesday.
  
  

• Home prices in the U.K. fell 0.3% in December. UK house prices could fall by as much as 5% this year and 8% in 2009, the quarterly Deloitte Economic Review has warned.
  

• Gold and platinum prices hit an all-time high after South Africa's main precious metals mines remained closed for the fourth day for lack of power.