04/10/13 Market Movements

Bloomberg news reported that house Speaker John Boehner reiterated he won’t allow the U.S. to default on its debt, even if that requires Democratic votes.  This has provided markets in the U.S. with a bit more confidence.

The latest Halifax Price Index figures have shown that house prices in the quarter to September 2013 were 2.0% higher than in the previous quarter; slightly below the increases recorded in June, July and August.  John Ellis, housing economist commented thatDemand has increased against a background of low interest rates and higher consumer confidence underpinned by signs that the economy has begun a sustainable recovery. Official schemes, such as Funding for Lending and Help to Buy, also appear to have boosted housing demand.”