[ad_1]
Hello and welcome to our continued coverage of the global economy, financial markets, the euro zone and business.
Home price growth in the UK has fallen to its lowest level in five years, at the last sign that the market is cooling.
Nationwide, the construction company, reported that annual growth in real estate prices slowed to 2% this month.
This is the lowest rate since 2013, as the market is penalized by falling prices in the capital.
Neal Hudson
(@resi_analyst)National house price index in the United Kingdom
annual variation: 2%
since the beginning of the year: 2% pic.twitter.com/VkJhWznz3P
London was the worst performing region in the last quarter, reports Nationwide, with prices down 1.9% from one year to the next.
Robert Gardner, The Nationwide Chief Economist, accuses weak economic growth and tight finances of households, saying:
Investigators continue to report moderate levels of demands from new buyers, while the supply of goods in the market remains more of a net than a torrent.
"Looking further, much will depend on the changing economic conditions, especially in the labor market, but also with regard to interest rates.
"Moderate economic activity and continued pressure on household budgets will likely continue to weigh slightly on the housing market activity and housing price growth this year, even though the costs of housing are likely to increase. borrowing will probably remain weak.
More details and reactions to follow …
Also coming today
The Bank of England will highlight the main threats to the British economy when it will present its latest report on financial stability this morning.
Governor Mark Carney is also facing questions about the conduct and culture of the bank, after it appeared yesterday that two policy makers have spent nearly £ 400,000 in travel expenses over the past two years .
The deputies described the expense as "staggering", as we covered it in yesterday 's liveblog:
Criticism rises this morning ….
Helena Lee
(@BBCHelenaLee)Wednesday's Daily Telegraph: "The Cabinet at War on 'Project Fear Mark Two' #tomorrowspaperstoday pic.twitter.com/mW86Zxx5Zn
The stock markets are still pissed off by the prospect of a trade war between the United States and China. Shares have again fallen in Shanghai, but traders hope for a better day in Europe.
FastFT
(@fastFT)China dominates Asia as Shanghai slides deeper into the bear market https://t.co/vv0oLepAJB pic.twitter.com/Qm5ezXU7X5
Retailers could also be under pressure today because Britain lacks beer! Not a good timing, with the World Cup starting to boil.
In addition, the price of oil could be unstable as America is pressuring other countries to stop buying oil from Iran. The latest oil inventory statistics will show if supplies are holding up.
L & # 39; s calendar:
- 10:30 BST: Bank of England Financial Stability Report
- 13:30 BST: US trade figures
- 15:30 BST: weekly oil inventory in the United States
[ad_2]
Source link
