FTSE 100 recovers omicron losses as miners bounce back Business


The UK property market is once again breaking records, with prices rising for the fifth consecutive month to a new record.

Average house prices added another 1 pc in November to reach £ 272,992. Quarterly house price growth is now at its highest level in 15 years.

The numbers show continued resilience of the market even after the stamp duty holiday ended, which helped boost activity during the pandemic.

This indicates other underlying factors supporting prices, including a shortage of supply and low borrowing rates.

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What happened during the night

Asian stocks rose slightly on Tuesday amid fading concerns about the impact of the omicron variant as Chinese markets advanced after the central bank eased monetary policy.

The MSCI’s largest Asia-Pacific stock index outside of Japan rose 0.6 pc after falling to its lowest level in a year on Monday.

The benchmark has lost 6% so far this year, with Hong Kong markets among the big losers, while Indian and Taiwanese stocks have outperformed.

On Tuesday, Australia’s S & P / ASX200 rose 0.5 percent, while Japan’s Nikkei rose 1.1 percent as risk sentiment pushed US stocks higher.

China’s CSI300 index gained 0.7% and Hong Kong’s Hang Seng index rose 1.3% as the central bank freed up $ 188 billion in liquidity through easing policy.

Coming today

  • Business : Paragon Banking Group, Renew Holdings, CareTech (Annual results); Babcock, Supreme, Mercia Asset Mgmt (Intermediate results); Ashtead Group, British American Tobacco, Ferguson (Commercial update)
  • Economy: Sales of Kantar supermarkets (UK), mergers and acquisitions ONS (UK), Consumer credit (WE)

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This notice was published: 2021-12-07 18:51:54

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