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Property prices in the UK unexpectedly slowed their growth, it added signs of weakness in the UK housing market and the consumer economy as a whole, Reuters reports. According to the Halifax mortgage lender, in April home prices in the country grew by 2.2% in annual terms after rising by 2.7% in March. Economists had predicted a 3.3% rise in prices. Compared with the previous month, property prices in April fell by 3.1% after rising 1.6% in March. Halifax Managing Director, Russell Galli, said: “Demand for housing in the first months of 2018 has softened, and approval of mortgage loans and sales of finished housing decreased”.
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 ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
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