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House prices in the UK rose slightly in September, Bloomberg reported. The increase compared with the previous month was 0.3%. In August, there was a decrease in the cost of homes by 0.5%. In annual terms, prices in August rose by 2%. According to official data, housing in London has become cheaper for 5 quarters in a row. In the third quarter, the decline was 0.7%. The uncertainty over the upcoming withdrawal of the country from the EU continues to affect the British housing market. The weakening also continues amid rising interest rates by the Bank of England to its highest level since August 2009. Nationwide experts expect a further downturn in the UK housing market amid slowing economic activity.
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 ...
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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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 ...
Gold prices fell earlier on Tuesday in Asia as the Dollar strengthened, pulling traction away from the yellow metal. Gold futures fell by 0.85% to $1,798.65 per ounce at 1:12 AM ET (6:12 AM GMT), still remaining above the $1,800 level. Losses ...
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