Metal prices fell on a strong dollar and rising Chinese refining capacity, with copper now at its lowest level since mid-September due to an unfavorable environment post-U.S. election, Commerzbank said. Source link
European natural-gas prices edged lower in early trade but still hovered around this year’s highs as cooler temperatures and softer wind drive demand. Source link
Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024. Saul Loeb | Afp | Getty Images For retailers and consumers finally feeling some relief from inflation, President-elect Donald Trump’s tariffs proposal introduces fresh uncertainty around how prices could change during his presidency, analysts said Wednesday. Trump, who NBC News projects won a second term in a decisive victory, said during his
Getty Images The average UK house price reached a record high last month, according to Halifax. The UK’s largest mortgage lender said the average price hit £293,999 in October, surpassing a peak of £293,507 that was reached in June 2022. Halifax said it expected prices to continue to rise at a “modest pace” for the next few months. However, it warned that mortgage costs could remain “higher for longer” following
Food prices rose to their highest level in 18 months in October, with the prices of almost all commodity groups rising, led by vegetable oils, the Food and Agriculture Organization of the United Nations said. Source link
Shoppers could face higher prices as a growing number of big British firms warn about the cost of the National Insurance (NI) tax rises on employers announced in last week’s Budget. Sainsbury’s, Marks & Spencer and BT have all hinted at price rises, while pub chain Wetherspoons said “all hospitality business” will increase prices as a result of the tax changes. Meanwhile, Primark’s owner said on Tuesday it may invest
