Jonathan's Feed
Aug 27, 2015
via MacroScope

Million pound London flat lands on affordable housing list

For most people a home worth over a million pounds ($1.6 million) is nowhere near affordable but that is just how one London flat has been tagged by a housing association in Britain’s capital.

Buyers taking a 25 percent stake in the three-bedroom flat in Hackney, east London, under the shared ownership scheme will be saddled with estimated monthly mortgage repayments of just over 1,000 pounds.

Aug 27, 2015

First BoE rate hike to come in early 2016, but conviction wavering – Reuters poll

LONDON (Reuters) – The Bank of England is still expected to raise its benchmark interest rate from a record low of 0.5 percent early next year but economists in the latest Reuters poll are now less certain about the timing.

As in all surveys since March, the median in Thursday’s poll of 50 economists said the initial hike of 25 basis points would come in the first three months of 2016, followed by similar moves in the third and fourth quarters.

Aug 26, 2015

British house price rises to slow in 2016 – Reuters poll

LONDON (Reuters) – British house prices will rise more slowly next year than in 2015, according to a Reuters poll of analysts that also found interest rates would have to reach 3 percent before seriously affecting the market.

The bedrock of consumer wealth in Britain, house prices will rise 5 percent this year and 4 percent in the next two years, according to a poll of 22 property market experts taken in the past week, similar to forecasts published three months ago.

Aug 26, 2015

British house price rises to slow in 2016

LONDON, Aug 26 (Reuters) – British house prices will rise
more slowly next year than in 2015, according to a Reuters poll
of analysts that also found interest rates would have to reach 3
percent before seriously affecting the market.

The bedrock of consumer wealth in Britain, house prices will
rise 5 percent this year and 4 percent in the next two years,
according to a poll of 22 property market experts taken in the
past week, similar to forecasts published three months ago.

Aug 25, 2015
via MacroScope

South Africa’s Q2 GDP growth punches way below expectations in worrying sign for emerging markets

South Africa’s second quarter growth undershot economists’ expectations in spectacular fashion on Tuesday, a clear signal emerging markets face torrid times.

The economy contracted 1.3 percent in the second quarter – far worse than any of the 21 economists polled by Reuters had predicted.

Aug 21, 2015

Disappointing business surveys intensify world growth fears

LONDON (Reuters) – Signs China’s economic slowdown is deepening and weak growth in Europe and the U.S. reported on Friday further damaged the outlook for the global economy, sending stocks and commodity prices reeling.

China’s factory sector shrank at its fastest rate in almost 6-1/2-years in August, a private survey showed, pushing investors who fear China’s sagging economy will translate into slower global economic growth to take refuge in gold and bonds.

Aug 21, 2015

Disappointing business surveys intensify growth fears

LONDON/BEIJING (Reuters) – Signs China’s slowdown is getting worse and weak growth in Europe have further damaged the outlook for the global economy, sending stocks and commodity prices reeling on Friday.

China’s vast factory sector shrank at its fastest rate in almost 6-1/2-years in August, a private survey showed, pushing investors who fear China’s sagging economy will translate into slower global growth to take refuge in gold and bonds.

Aug 21, 2015

Euro zone business growth unexpectedly accelerates in August: PMI

LONDON, Aug 21 (Reuters) – Euro zone business growth unexpectedly accelerated this month as steeper price cutting drove an increase in new orders and led to firms building up a bigger backlog of work, a survey showed on Friday.

The relatively upbeat survey, one of the earliest monthly economic indicators, suggests the European Central Bank’s massive bond-buying program and a weaker euro may be finally having an impact on growth.

Aug 13, 2015

First BoE rate hike still seen in Q1 but conviction wavering

LONDON (Reuters) – The Bank of England is still expected to raise interest rates from a record low 0.5 percent early next year, but economists’ conviction is wavering as domestic inflation and global growth remain muted, a Reuters poll found.

Even a first-quarter hike would put the Bank several months behind the Federal Reserve, which is predicted to raise U.S. rates as early as September and follow up with another increase before 2015 is over. [ECILT/US]

Aug 13, 2015

First BoE rate hike still seen in first quarter but conviction wavering: Reuters poll

LONDON (Reuters) – The Bank of England is still expected to raise interest rates from a record low 0.5 percent early next year, but economists’ conviction is wavering as domestic inflation and global growth remain muted, a Reuters poll found.

Even a first-quarter hike would put the Bank several months behind the Federal Reserve, which is predicted to raise U.S. rates as early as September and follow up with another increase before 2015 is over.