German inflation falls further below Eurozone target January 4, 2016 Inflation in Germany, the biggest economy in the Eurozone, failed to build on previous increases in December. Prices rose 0.3 per cent year-on-year, down from 0.4 per cent the month before, the figures released by German statistical office Destatis show. Annual energy price declines slowed to 6.5 per cent in December from 7.5 per cent. However, food prices [...]
Number of property investment companies becoming insolvent doubles since 2011, as banks seek out debt repayments as property prices improve January 4, 2016 The number of property investment companies going through the insolvency process has more than doubled since 2011. Research from commercial law firm EMW discovered that there were 346 insolvencies in the second quarter of 2015, but only 154 in the same period of 2011. “Ironically, the rise in insolvencies is down to the improved property [...]
Investors should stick with China despite turbulence on the CSI300, Shenzhen composite index and Shanghai composite index January 4, 2016 Markets have started 2016 firmly in the red, suffering knock on effects of a seven per cent fall in the Chinese stock market. But this early capitulation has more to do with bans of share sales and short selling than the weaker manufacturing data. Perhaps the bigger question of late is "should investors avoid emerging [...]
Eurozone manufacturing grows at fastest pace for over a year January 4, 2016 Manufacturing in the Eurozone is growing at its fastest pace since April 2014, with Italy posting its highest growth rate in nearly five years. Markit's manufacturing purchasing managers' index (PMI) – compiled from a survey of businesses – rose to a score 53.2 in December from 52.8 in November. It also slightly above an earlier "flash" estimate of 53.1. Figures above [...]
Strong mortgage market takes total UK lending growth to seven-year high January 4, 2016 Mortgage lending is climbing at its fastest pace since 2009 with total UK lending now growing at its fastest rate for seven years. Total mortgage lending in the UK climbed by £3.9bn in November, up 2.5 per cent on November 2014, according to figures released by the Bank of England this morning. “Lenders’ appetite for new [...]
UK manufacturing growth falls to three-month low January 4, 2016 The UK's manufacturing sector suffered a slow end to the year, according to business survey figures published this morning. Markit's purchasing managers' index dropped to a score of 51.9 in December from 52.5 the month before. Scores above 50 imply the sector grew over the month, with December's lower figure implying slower growth. It was also the [...]
UK house prices: There are now 10 buyers for each property on the market – with first-time buyers hit hardest January 4, 2016 Thinking of putting your house on the market this year? Now's the time to do it, after new figures suggested there are now 10 prospective buyers for each property on the market. The National Association of Estate Agents' (NAEA) November Housing Market Report showed the number of house-hunters grew 20 per cent in during the [...]
CSI300, Shenzhen composite index and Shanghai composite index: The full scale of China’s stock market carnage January 4, 2016 Chinese stocks kicked off the new year dispiritingly, after trading was suspended on its blue-chip CSI300, which suffered its worst day in nine years. The CSI300 crashed down seven per cent, and triggered the so-called "circuit breaker" suspension mechanism. The measure, which was introduced to curb volatility in the wake of Black Monday, was used for the first time today. [...]
How do you pick a career? Fear is a key motivator for a quarter of UK workers, but at least we’re tackling it face on January 4, 2016 It's not childhood dreams or passion for a particular subject that motivates many people to pick their career path. Research from jobs website CV-Library has found that just over a quarter (26 per cent) of UK workers choose their job because they were trying to avoid certain workplace fears. In the survey of more than [...]
Chinese trading suspended after benchmark CSI300 plummets January 4, 2016 Trading on China's stock market was suspended today, in the wake of a sell-off sparked by a survey showing Chinese manufacturing activity contracted for a 10th consecutive month in December. China's blue-chip CSI300 suffered its worst day in nine years, tumbling around seven per cent to just 3,469.07 points. Officials subsequently halted trading for the rest of the day [...]