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Approved applications for mortgages in the UK reached a 5-month maximum in June 2018, the Bank of England said. In June, creditors approved 65 thousand 619 mortgage loans in comparison with approved in May 64 thousand 684 loans. Growth in consumer lending in the UK in June exceeded forecasts. According to the estimates of the Bank of England, inflationary pressures are beginning to increase after the economic slowdown in early 2018. Most economists expect the Bank of England at its meeting on Thursday to raise rates to a new high since the financial crisis at 0.75%.
The U.S. Federal Reserve eased another $2 million in emergency loans this week to help struggling U.S. businesses amid the recession. The Fed’s overall asset portfolio reported growth for the second week, holding above $7 trillion. The ...
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 ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
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