UK house sales surged in September at the fastest rate since the post-lockdown rebound, driven by lower mortgage rates and increased demand, according to Zoopla data. Mortgage rates at their lowest in over a year are supporting double-digit growth in sales market activity, with mortgage approvals reaching a two-year high in August. Speculation over possible tax changes in the Budget is leading to a 16% annual increase in new properties coming to the market, particularly in coastal and rural areas.
Full Article
US inflation fell more than expected to 2.8% in February
US inflation fell to 2.8% in February, below expectations, prompting speculation of Federal Reserve interest rate cuts amid slowing economic growth. President Trump's tariffs have caused uncertainty and market volatility, with concerns over potential inflationary impacts. The Bank of Canada also cut rates due to trade tensions, while sectors like medical care and used cars saw price increases in February. Full Article
Read more