Today: 16. Nov, 2024
The UK’s smaller housebuilding firms, often considered the industry’s foundation, are grappling with declining demand, escalating interest rates, labour shortfalls, and surging costs. Steve Midgley, the head of Fairgrove Homes, laments the extended periods people now take to sell homes, resulting in…
Wall Street witnessed a tentative drift, with stocks showing a mixed response, following a decline the previous day amidst a turbulent August. By midday, the S&P 500 was slightly down by 0.1%, extending its 1.2% drop from the prior day. The Dow…
UK house prices have seen another decline, marking the fourth consecutive monthly fall, with data from Halifax indicating that rising borrowing costs are causing a shift in preferences among first-time buyers towards smaller homes. In July, the average price decreased by 0.3%,…
The uptick in benchmark interest rates by the Federal Reserve during 2022 and 2023 might not be favourable for borrowers, but it spells positive news for savers. The present scenario enables those opening new accounts to secure attractive rates on various financial…
Monday saw Wall Street trending upwards in anticipation of reports that will measure the vigour of U.S. consumers. There’s optimism that continued consumer spending might avert an economic downturn. By midday, the S&P 500 had climbed 0.4%, returning from an initial dip.…
Prominent economist, Jim O’Neill, believes that central banks should sustain interest rates close to 5% in major economies for a more extended period, even if inflation starts to decline. Many anticipate the U.S. Federal Reserve to hike interest rates by 25 basis…
Asian stock indices predominantly saw a downturn on Thursday, following a dip in Wall Street shares, as the market readied itself for a critical U.S. inflation report. The U.S. will later unveil its latest monthly inflation statistics. Analysts project an inflation rise…
Amid ongoing concerns about lasting inflation and an economy showing signs of slowing, analysts predict that the Bank of England might increase interest rates to 5.25% this week, marking a 14th consecutive rise in borrowing costs. The looming increase, which might add…
Increasing apprehensions about banks and the broader world economy prompted stocks to decline in major markets. By midday, the S&P 500 had decreased by 1.1%, marking its potential fifth downturn recently. Concurrently, the Dow Jones was down 1% or 345 points at…
Asian equity markets exhibited a mixed performance on Friday following a third consecutive day of Wall Street slump in response to a hike in British interest rates. Indices in Shanghai and Hong Kong made gains while Tokyo’s index retreated. Oil prices showed…
