U.S. efforts on pandemic, economy: Things are a bit better, but not yet
The times, they are uncertain. People think the fight against COVID has improved dramatically in recent weeks, up double-digits, but...
04:05
Changing working patterns due to the pandemic are also helping to push UK property prices higher.
The average UK asking price jumped almost £7,000 this month, Rightmove reports, as some families try to find properties with more space for homeworking away from the office.
Here’s the story:
Tomer Aboody, director of property lender MT Finance, explains:
‘A combination of lowest-ever interest rates, high loan-to-value mortgages, stamp duty relief and government stimulus, along with a year of on-and-off lockdown, has pushed demand for property to record levels.
If now isn’t the time to buy, then when is? Will we have such an appealing time to buy again, who knows? But with so many positive reasons to buy and people simply needing more space, this trend is set to continue in the short term at least.
Updated
03:57
In the City, the FTSE 100 index has opened higher.
It’s up 12 points at 7031, having hit the 7,000 point mark for the first time in over a year on Friday.
Online grocery business Ocado is the top riser, up 3%, followed by discount retailer B&M (+1.8%) and jet engine maker Rolls-Royce (+1.7%).
Supermarket chain Sainsbury (+1.3%) is also in the risers, along with software developer Aveva (1.4%) and internet security firm Avast (1.2%), and engineering firm Renishaw (+1.5%).
03:37
European stock markets nudged a fresh peak in early trading.
The Europe-wide Stoxx 600 gained another 0.1%, with carmakers among the risers.
Reuters has the details:
Automakers were the top gainers, up 0.7%, followed by miners and travel stocks.
French car parts maker Faurecia rose 1% after its first-quarter sales beat market expectations, helped by particularly strong growth in China.
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