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The downturn in euro zone business activity eased last month but still indicates the bloc's economy will contract again this quarter as the dominant services industry continues to struggle to generate... -December 05, 2023 at 04:00 am EST - MarketScreener
Global property prices in most major markets will rise over the next two years, albeit at a slightly slower pace than predicted three months ago as strong demand and tight supply overshadow higher interest rates, a Reuters poll found. Home prices across the developed world have defied analysts' expectations, as they predicted at the start of the year prices would register double-digit falls from COVID-19-era peaks. While price rises are expected to continue into next year and 2025, higher mortgage rates and the lack of supply of affordable homes will restrict prices from rising too much...
Global property prices in most major markets will rise over the next two years, albeit at a slightly slower pace than predicted three months ago as strong demand and tight supply overshadow higher...
The Reserve Bank of Australia will keep its key interest rate unchanged at 4.35% on Tuesday and a rate cut is now not expected to happen until the fourth quarter of next year due to a strong... -December 01, 2023 at 02:02 am EST - MarketScreener
The Reserve Bank of Australia will keep its key interest rate unchanged at 4.35% on Tuesday and a rate cut is now not expected to happen until the fourth quarter of next year due to a strong housing market, according to a Reuters poll. Even with rates at a 12-year high, Australian home prices have recovered all of their 2022 losses since finding a floor in January. The interest rate poll, conducted Nov. 29-Dec. 1, showed 28 of 30 economists, including those at Australia's big four banks, expect the central bank will keep its official cash rate on hold on Dec. 5.