News Column

Housing data to show soaring market levelling

July 7, 2014



HOUSING prices are likely to be in focus this week, as two surveys show prices are still rising, though the market is levelling off.


The RICS survey, published today, is expected to show less growth than in past months.


Barclays'Armela Mancellari said: "We expect the overall balance to have edged down in June, reflecting indications from forward-looking measures in the May survey that housing activity is cooling."


However Halifax data is expected to show a 0.5 per cent month-on-month lift in prices for June, pointing to a 9.3 per cent year-on-year price surge.


The Bank of England will publish the UK interest rate decision on Thursday, with most analysts forecasting no change for this month. Education information technology provider, RM, will report interim results today, with little chance for nasty surprises following a positive trading update in May. Also today, Taylor Wimpey and Robert Walters will issue trading updates.


Tomorrow, just ahead of its AGM at Wembley Stadium, Marks & Spencer will publish a trading update for the past three months, which analysts expect to show a similar pattern to the previous year. - a like-for-like sales will fall by 1.5 per cent in general merchandise, while food like-forlike sales will grow two per cent.


There will be full-year results from Dunelm Group, XP Power, and Young & Co's Brewery, while Bovis Homes Group will issue interims.


There will be trading updates from Connect Group, Ferrexpo, SIG and Synety Group and the UK monthly industrial production figures will be released.


On Wednesday, Galliford Try and Thorntons will issue full-year results, and there will be interims from Booker Group. There will also be trading updates from Centamin and Interserve.


On Thursday, Barratt Develop-ments and SuperGroup will issue full-year results, while Low & Bonar will publish its interims.


There will be trading updates from Ashmore Group, Associated British Foods, Bloomsbury Publishing, Burberry Group, Halfords Group, Hays and Premier Oil.


Apart from the interest rate decision, the Council of Mortgage Lenders will issue its monthly lending trends reports.


On Friday, EMIS Group and Experian will issue trading updates.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: City A.M. (UK)


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