UK Mortgage Lending Still on the Rise
Despite growing unemployment and a recent pronouncement by the Bank of England that the recession in the UK was deeper than originally believed, mortgage lending is still on the rise. Total lending in July came in at £16bn ($26.4bn) – a 26 percent increase over the previous month, but still more than a third lower than July 2008. More
New US Jobless Claims Jump
New claims for unemployment benefits in the US jumped to an unexpected 576,000 last week. Analysts had been expecting about 550,000 new claims, but the actual number still shows a downward trend over previous results. More
Stock Futures Suggest Higher Opening
US stock futures suggest that market rallies in Asia and Europe will extend into North America. China’s Shanghai market bounced back from a major sell-off yesterday on renewed expectations of an increase in economic growth this year. More
