Equity markets tumbled on Thursday (December 6th) on the back of renewed fears on US/China trade tensions. US labour market data were also disappointing ahead of today’s key non-farm payrolls report, with 10-year treasury yields falling back to 2.85%. Today, the UK Halifax release is expected to show house price inflation slowing to 1%. However, should prices fall on the month, the annual rate will be close to zero – fuelling speculation of negative house price inflation in 2019.