Eurozone inflation and jobs improve but recovery remains fragile, experts warn April 30, 2015 Inflation and unemployment in the Eurozone are gradually improving, but economists warn the currency bloc’s recovery is fragile. Prices failed to fall – or rise – registering zero change in April compared with the same month last year, figures released yesterday by Eurostat reveal. Inflation is now closer to the European Central Bank’s [...]
London house prices up 11pc in March as repossessions plunge April 30, 2015 London house prices jumped 11.3 per cent year-on-year in March, figures released yesterday by the Land Registry show. It compares with 5.3 per cent property price gains for the whole of England and Wales. Read more: The one region where house prices are falling “Much has been done to ensure that people have [...]
UK house prices: Land Registry data shows the one region where they’re falling annually April 30, 2015 UK house prices fell again in March, and the decline was particularly marked in the North East, where house prices are now falling annually. Official Land Registry data, which runs slightly behind because it uses price paid as opposed to asking price, showed average house prices in the North East fell 0.4 per cent between February [...]
Eurozone inflation rose to zero in April April 30, 2015 Eurozone inflation rose to zero in April, ending a fourth-month stretch of price declines across the euro area. A flash estimate from official statistics agency Eurostat showed that Eurozone annual inflation was flat in April, having risen to -0.1 per cent a month earlier. It's up considerably from a low of -0.6 in January. The biggest [...]
Growth in American economy freezes due to the bad weather April 29, 2015 US economic growth stalled in the first three months of 2015, growing just 0.2 per cent compared to the same time last year. Growth was 2.2 per cent in the final quarter of 2014, and economists had expected the economy to expand one per cent in the first quarter of 2015. The slowdown has been [...]
New Greek negotiator Euclid Tsakalotos heads to Brussels for bailout discussions April 29, 2015 Greek officials will meet with representatives of its creditors in Brussels today, as the country rushes to avoid bankruptcy. The Greek delegation will be led by Oxford-educated Euclid Tsakalotos, City A.M. understands. He has usurped finance minister Yanis Varoufakis as Greece’s main negotiator, after a meeting between Varoufakis and Eurozone finance ministers last week turned [...]
Consumer optimism gives mixed signals ahead of General Election as confidence index plateaus April 29, 2015 Consumer confidence is high going into the General Election, new figures show today, but has failed to improve on last month. The consumer confidence index produced by market researchers GfK remained at a score of four in April. Despite confidence failing to improve on March, it is at its highest level for over a [...]
UK house prices climb to new heights in April due to “surplus in demand which is outpacing supply” April 29, 2015 House prices climbed higher in April, new figures from a major mortgage lender reveal. Annual house price growth edged up to 5.2 per cent in April from March’s 5.1 per cent. The average UK house price is now a £193,048 – the highest on record. Housing analysts blame a lack of supply for [...]
Federal Reserve keeps interest rates near zero but hints at hike in the near future April 29, 2015 Following its two-day policy meeting, the Federal Reserve has confirmed it is keeping its target interest rate at close to zero per cent, but says it will raise it soon if the US economy continues to grow. Since the 2008 financial crisis, the US central bank has kept its rates at a record low in [...]
Retail sales unexpectedly slip but next month could be mega April 29, 2015 Retail sales unexpectedly slowed in the year to April, but retailers are gearing up for a sharp rise next month, with expectations hitting the highest level since May last year. The latest CBI Distributive Trades Survey of 122 firms showed 30 per cent said retail sales were up on a year ago, while 18 per [...]