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Halifax: UK house price index declined by 2.9% after rising 2.5% in December. Analysts had predicted a less significant decline - by 0.5%. In annual terms, housing prices rose by 0.8% against growth of 1.3% in December. The managing director of Halifax drew attention to the fall of the index for the second time in three years in January-February. However, in his opinion, real estate prices in the country have not changed over the year. An annual growth of 0.8% may indicate economic uncertainty or slow growth. In 2019, experts will look closely at the demand and supply of housing. The reason is the end of Brexit and its impact on the market. On the demand side, experts observe employment growth, low inflation and mortgage rates. On the supply side, there is a shortage of stocks for sale. Taken together, this will result in a modest rise in prices in the near future.
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 ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
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