Stocks touch new highs as volatility eases, dollar gains
A global equity benchmark and two key European stock indexes touched new highs on Tuesday, while the dollar rose in anticipation of faster inflation as volatility eased to lows last seen before the coronavirus pandemic.
U.S. consumers sour on housing market’s buying conditions
A record-low percentage of U.S. consumers believe now is a good time to buy a home, with worries about surging prices and a small supply of houses on the market outweighing improved sentiment about their jobs and income, a survey from home financing giant Fannie Mae showed on Monday.
Germany’s biggest landlords agree $22 bln merger
Germany’s two biggest listed landlords Vonovia SE (VNAn.DE) and Deutsche Wohnen have agreed to join forces in a 18 billion-euro ($22 billion) deal that risks stoking tensions over affordable housing in the run-up to general elections in September.
Global property markets ready to soar this year
Residential property markets in major economies will soar this year on huge monetary and fiscal support and amid a recovery from the pandemic, according to Reuters polls, which showed risks for prices skewed to the upside.
WeWork reports quarterly loss of nearly $2.1 bln ahead of public listing
SoftBank-backed office-sharing startup WeWork on Thursday reported a first-quarter net loss of $2.06 billion, as it was hit by restructuring charges while it prepares to go public through a merger with a blank-check firm.
Austria’s S Immo says rival Immofinanz’s 1.1 bln euro bid is too low
Vienna-based real estate group S Immo (SIAG.VI) said on Wednesday that rival Immofinanz’s 1.14 billion euro ($1.39 billion) offer to buy the company is too low.
