Estate agents for sale signs on 30th July 2023 in St Dogmaels, Wales, United Kingdom.
U.K. house prices fell 5.3% year-on-year in August, marking the weakest annual rate since July 2009, according to"The softening is not surprising, given the extent of the rise in borrowing costs in recent months, which has resulted in activity in the housing market running well below pre-pandemic levels," said Robert Gardner, chief economist at Nationwide.
The U.K.'s FTSE 100 is seen opening 4.5 points higher at 7,451, with Germany's DAX up by 4 points to 15,976 and Italy's MIB up 17.5 points to 28,909. However, France's CAC is seen slipping by 3.5 points to 7,329.CNBC Pro: September is the cruelest month for stocks. The pros share their trading tips — and what to buyThe pros weigh in on how investors can trade in the month ahead and share stocks to buy.The People's Bank of China announced Friday that starting from Sept.
The cut follows a number of reductions to various interest rates in the last several weeks in an effort to shore up the economy.against the U.S. dollar at 7.1788, a touch stronger than the 7.1811 on Thursday, according to Wind Information.Evelyn ChengDividend stocks aren't evergreen, but investing in them over several years can pay off, according to one portfolio manager.
Their underperformance this year presents an opportunity, said Ben Kirby, who is also co-head of investments at Thornburg Investment Management.
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