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...“We believe that the correction in housing prices in Europe is not over yet, but we have probably seen the worst of it,” said Sylvain Broyer, chief economist of EMEA at S&P Global Ratings....
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...Looking at a 20-year chart of the price/earnings valuations of the S&P 500 and its small cap sibling the S&P 600, it seems possible that this is what has happened to small stocks: Small caps (dark blue...
...“We think this reflects . . . a recovery in demand as mortgage rates have eased.”...
...Since 2010, Levett has also owned local restaurant L’Amandier de Mougins, where the Salon Picasso commemorates the Spanish artist who spent the final years of his life in Notre-Dame-de-Vie, his villa outside...
...But what’s most entertaining is that the government goes ahead and shows the professor’s ongoing work calculating Alameda’s historical balances with FTX — basically the firm’s net P&L — from last year:...
...The final S&P Global UK services PMI business activity index rose to 53.4 in December, up from 50.9 in November and well above the 52.7 figure in previous flash estimates....
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...UK housing: The Royal Institute of Chartered Surveyors publishes its House Price Survey as the sector weathers a downturn caused by high mortgage rates squeezing first-time buyers....
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...While the S&P 500 has advanced steadily since October 27 (+22.1%), stock leadership has flipped 180° since the start of the year on shifting Fed policy forecasts....
...“We had a lot of good news in recent months, helped by falls in inflation,” said David Hollingworth, associate director at broker L&C Mortgages....
...Still, 17 out of 20 major metro markets reported month-over-month price decreases in December, S&P said....
...Homebuilders, a S&P 500 subsector, rose 19.6 per cent in the segment’s biggest monthly jump since July 2020, helped by lower mortgage rates....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...The S&P Corelogic Case-Shiller index of prices covering 20 US cities rose 0.1 per cent in January on a seasonally-adjusted basis from the previous month....
...The blue-chip S&P 500 closed up 0.9 per cent, at a new record, continuing a rally that has pushed the index 27 per cent higher since October. The Nasdaq Composite gained 1.3 per cent....
...Since January 2020, the price of a single-family home in the US has increased by 46 per cent, according to the S&P CoreLogic Case-Shiller index. With gains of 5.5 per cent in the year to December....
...The Granolas’ share of the Stoxx Europe 600 index has climbed to 25 per cent, approaching the Magnificent Seven’s 28 per cent weighting in the S&P 500....
...Free cash flow, however, reconciles those book accounting accruals of the P&L ledger to capture the real flows of actual dollars coming in and out....
...US home prices declined in November, as high mortgage rates tempered demand....
...It has diversified its investments away from equity-release mortgages to a broader range of infrastructure and real estate projects....
...Global demand for plastics, which makes up 50 per cent of petrochemical demand, is expected to nearly double by mid-century, according to S&P Global Commodity Insights....
...The S&P Global construction purchasing managers’ index, a monthly indicator of the health of the sector, rose to 46.8 last month from 45.5 in November....
...The S&P Global/Cips UK construction purchasing managers’ index, a measure of the health of the industry, rose to 49.7 in February from 48.8 in January....
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