According to Bloomberg, US stocks put the end to global rally that spread to Europe and Asia after midterm elections. Yield of US Treasuries fell from the highest since 2011.
Cost of rent at Manhattan grew in October, Bloomberg informs. And this is the second month of growth, which was surprising for landlords observing weakening sales at city’s real estate market.
Wind changes direction at wavy oil market, Bloomberg writes. OPEC is considering options to return to output cuts next year.
Payouts to Greece's pensioners were cut so much that some of them are moving to one of the poorest countries in Europe, Bloomberg writes.
Pension equal to 800 euro may let Greek pensioner to live comfortably in Sofia, the capital of Bulgaria, visit Greece and travel to other countries.
American investors use slump at UK’s real estate market as opportunity to buy, Bloomberg writes. Some of them do not believe that the country’s exit from EU will significantly hurt financial industry and economy. Even though pound lost 11% since the referendum, slowdown was not so dramatic.
Change in investors’ moods in regards to Turkey’s assets since September did not help to change fundamental reasons, for which the country is leading the list of emerging markets most vulnerable to external shocks, Bloomberg Economics concludes.
Dollar fell, US futures gained along with US Treasuries as investors evaluate consequences of midterm elections in the US. Stocks in Europe gained, while indexes in Asia showed mixed results. Euro grew after industrial production unexpectedly rose in Germany in September.
Prices of houses in the UK demonstrate the slowest annual growth in five years, Bloomberg reports with the reference to British bank Halifax that offers mortgage loans.
Search of solution for fading economic growth of the UK can bring someone a prize worth 100000 pounds, Bloomberg reports.
This prize will be rewarded to the most successful participant of the contest initiated by the Institute for Public Policy Research.
Developers of apartments in Manhattan faced a reality, Bloomberg writes.
Efforts of Finance Minister of France to find support of his initiative for imposing new tax on IT-giants among his colleagues in EU did not bring desired results so far, Bloomberg writes.
Czech capital recently became number 5 tourist destination in Europe, which caused property prices to grow by 50% since 2013, Bloomberg reports. Local residents are not very happy about it, since besides price growth, they also have to face with annoying tourists renting apartment for short-term stays from such services as Airbnb. As a result, they are asking politicians to tighten control over such services.
