August 2018

House prices in UK showed biggest slump in August

August 31, 2018 - 11:49
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House prices in UK showed biggest slump in August

Prices of houses in the UK fell in August the most in six years after Bank of England raised interest rates, Bloomberg reports with the reference to Nationwide Building Society.

Prices fell by 0,5% in August. Price growth slowed down to 2% from 2,5% in July compared with last year.

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Unemployment rate in Germany has been falling for five years

August 30, 2018 - 16:31
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Unemployment rate in Germany has been falling for five years

Unemployment rate in Germany has been falling for five years indicating that companies in the largest economy of Europe are confident about their future despite of risks, Bloomberg reports.

Number of people withoutt job fell in August by 8000 to 2,33 million. Unemloyment rate as a result is 5,2%.

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Dollar is growing and gold is falling: Market News

August 30, 2018 - 12:30
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Dollar is growing and gold is falling: Market News

According to Bloomberg, US equity futures and European shares followed in their decline after Asian stocks, as trade and geopolitical issues suppress mood on the markets.

Dollar is growing and gold is falling. Bloomberg Dollar Spot Index gained 0,2%. Price of gold declined by 0,3% to $1202,57 per ounce.

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Difficult August for emerging markets

August 30, 2018 - 10:48
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Difficult August for emerging markets

August historically is a difficult month for emerging markets, Bloomberg writes. However, one measure allows considering this August as a record bad. Bloomberg currency index that tracks trade returns on eight emerging markets fell since the end of July by 6%. This is the biggest August drop since 1999.

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Essential spending are now taking large part of Britons’ pay

August 30, 2018 - 09:45
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Essential spending are now taking large part of Britons’ pay

Essential spending are now taking large part of Britons’ monthly pay, Bloomberg reports. According to the survey of Nationwide Building Society, 41% of citizens have less that 6,60 pounds on hands for daily expenditures after paying all bills. Mortgage, groceries and fuel spending grew 6% in past year and now account for 80% of average salary in the UK.

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