Fitch Ratings expects a slowdown in home prices in Europe due to limited availability and lower economic growth. The agency assesses the dynamics of the housing and mortgage lending markets as stable or stable positive. Forecasts for Sweden and the UK are consistently negative. In Sweden, prices are expected to fall by 3% due to rising interest rates and an increase in construction. The dynamics for the UK depend on the outcome of the Brexit deal. If Britain withdraws from the Union, prices could rise by 2% in the country and decrease slightly in the capital. In case of cancellation of the transaction prices across the country will fall. Housing prices in Spain, Portugal and the Netherlands will grow by 5%. The housing market in Ireland is dependent on its eastern neighbor: in the case of a Brexit deal, prices will increase by 9%.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...