Source: Nationwide House prices have jumped 14.3% over the past year, with property inflation reaching its highest level since 2004. FTSE100 down -0.065%, GBPUSD down -0.07% The average home prices have risen by £33,000 in the last 12 months to a record of £265,312. House prices rose by 1.1% or £5,000 in March.Robert Gardner, chief economist at Nationwide, stated that … [Read more...] about British House Prices Surge 14.3% in February, the Strongest Annual Pace in 17 Years
Forex News
US Mortgage Rates Climb by Decade-High to Historic 4.8%
Source: Reuters Mortgage rates in the United States grew at the fastest pace in over a decade in the past week, with investors repositioning for more rate hikes by the Federal Reserve. XHB is down 1.86%, while ITB is down 1.07%. Data from the Mortgage Bankers Association (MBA) showed that the 30-year fixed-rate mortgage rate increased to 4.8% in the week ending March 25, … [Read more...] about US Mortgage Rates Climb by Decade-High to Historic 4.8%
US Fourth-Quarter 2021 GDP Growth Downgraded to 6.9%
Source: Bureau of Economic Analysis The United States’ economic growth in the fourth quarter of 2021 was slightly downgraded, reflecting changes in personal spending. QQQ is down 0.41%. Fourth-quarter 2021 gross domestic product growth was revised downward to 6.9%, from the 7.0% announced by the government earlier.The changes were made as personal consumption expenditures … [Read more...] about US Fourth-Quarter 2021 GDP Growth Downgraded to 6.9%
US Private Sector Growth Slips to Lowest in Seven Months
Source: ADP Private sector employment growth fell to a seven-month low in March, with the services sector accounting for most of the jump during the month. QQQ is down 0.41%. Total US nonfarm private employment climbed y 455,000 in March, lower than 486,000 in February and 894,000 in March 2021.The latest reading is the lowest increase in seven months since private … [Read more...] about US Private Sector Growth Slips to Lowest in Seven Months
Eurozone, EU Economic Sentiment Slip Further as Confidence Drops
Source: Eurostat Economic sentiment slipped further in both the eurozone and the European Union in March, dragged by the decline in consumer and industry confidence during the month. EZU is down 1.45%, while VGK is down 0.85% premarket. The Economic Sentiment Indicator in the EU dropped by 5.3 points to 107.5, and in the eurozone by 5.4 points to 108.5.The decline comes … [Read more...] about Eurozone, EU Economic Sentiment Slip Further as Confidence Drops
