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In June, housing prices in the UK increased in annual terms by 2%, the minimum rate for 5 years, according to the data of Nationwide Building Society, the largest mortgage society of the UK. Economists had predicted an increase of 1.7%. Relative to the previous month, house prices in the UK increased by 0.5%. Analysts had predicted an increase of 0.3%. Nationwide economist Robert Gardner said: “There is little evidence that the situation will change. Polls continue to show a low level of interest of buyers, and the pace of construction of new homes is also low. “
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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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 ...
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