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UK House Price Balance Rises; Sales Market Activity Remains Weak: RICS


UK House Price Balance Rises; Sales Market Activity Remains Weak: RICS
LONDON (dpa-AFX) - British house prices increased again in February but the current lockdown restrictions weighed on the sales market activity, the Residential Market Survey from the Royal Institution of Chartered Surveyors, or RICS, showed on Thursday.
The house price balance rose to 52 percent in February from 49 percent in the previous month. Further, twelve month price expectations picked up, with the net balance climbing to +46 percent from +30 percent in January.
The net balance for new buyer enquiries came in at -9 percent in February versus -29 percent in January. ....

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European Markets Close Higher As Investors React To ECB Policy, U.S. Stimulus News


European Markets Close Higher As Investors React To ECB Policy, U.S. Stimulus News
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European markets ended mostly higher on Thursday on continued optimism about global economic recovery and the European Central Bank s pledge to speed up its bond buying program.
News about the U.S. House of Representatives passing the $1.9 trillion coronavirus relief package aided sentiment. The U.S. President Joe Biden is expected to sign the bill in the coming days.
Investors were also tracking quarterly earnings announcements and the trend in bond markets for direction.
The European Central Bank said Thursday that it will step up its emergency bond purchases over the next quarter based on market conditions and left its key interest rates unchanged. ....

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