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The National Building Society reported the slowdown in housing prices in the UK in June. Compared with June of last year, prices rose by 0.5% against an increase of 0.6% in May. At the same time, economists had expected an even greater slowdown in their growth - up to 0.2%. As for May, housing has risen in price by 0.1%, while in May, its value decreased by 0.2%. In the second quarter, prices in the UK housing market rose by 0.6%. Compared to the 0.4% rise in the previous quarter, the price increase accelerated slightly. At the same time, in London, there was a decrease in prices for the eighth quarter in a row. Brexit uncertainty has a negative impact on sentiment in the housing market, although the UK labor market remains strong, while borrowing costs are low.
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 ...
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 ...
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 ...
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