Economic News
Improved political outlook boosts housing market - RICS
Greater political clarity following December’s general election has helped boost sentiment across the UK’s property market, a key survey showed on Thursday.
US and China ready to sign 'phase one' trade deal
The long-awaited phase one trade deal between the US and China is set to be signed on Wednesday although some reports that it might have less of an impact on financial markets than expected.
UK house prices gather pace - ONS
Prices in the UK housing market gathered pace in the build-up to the general election, with those in the capital ticking upwards for the first time after nearly two years of weak growth.
Empire State index edges past forecasts in January
A closely-followed gauge of factory sector conditions in the jurisdiction on the Federal Reserve Bank of New York continued to outperform national manufacturing sector gauges like that from the Institute for Supply Management.
US final demand prices rise slightly less than forecast in December
Producer prices in the States rose a tad less quickly than anticipated last month due to the drag from trade services prices.
IAG lodges complaint with EU over Flybe rescue
British Airways owner IAG has complained to the European Union about the UK government’s decision to rescue struggling regional carrier Flybe.
Iran threatens US and EU for military presence in the Middle East
Iran’s President Hassan Rouhani made a veiled threat to the US and the European Union on local TV on Wednesday, blaming them for what he said were their multiple failures in upholding the 2015 nuclear agreement and because of their military presence in the Middle East.
Debt rises sharply among lower income UK households - Resolution Foundation
Low-income households have seen a sharp rise in their debt since the financial crisis and could be too exposed to financial shocks, warned the Resolution Foundation in a new report on Wednesday.
Eurozone industrial production rises less than expected
Eurozone industrial production rose less than expected in November, according to figures released by Eurostat on Wednesday.
Inflation slows to lowest level for three years
Inflation eased to a three-year low in December, fuelling speculation that the Bank of England could move to cut interest rates later this month.
BoE's Saunders reiterates call for rate cut
Bank of England policymaker Michael Saunders reiterated his call for an interest rate cut on Wednesday as he said the UK economy has remained "sluggish".
Flybe averts collapse after govt, shareholders strike deal
British regional carrier Flybe was saved from collapse on Tuesday night after the government and airline's shareholders reached a deal to keep it in the air.