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House prices rocket 13pc in June – live updates

Good morning. Annual home worth development accelerated to 13.4pc in June, marking the strongest development since November 2004, in keeping with Nationwide Building Society.

Across the UK, the typical home worth in June was £245,432, it stated.

5 issues to begin your day 

1) Nissan’s plans for UK’s first electrical automobile battery gigafactory: Japanese automobile big to this week assure presence in UK because it prepares post-Brexit technique in Sunderland, in a lift for the British automobile business

2) Quarantine-free journey to US unlikely to return again this summer season: Talks between officers on both aspect of the Atlantic are unlikely to succeed in a conclusion by the top of July as had been hoped.

3) Facebook joins $1 trillion membership after antitrust win: The contemporary valuation represents a vote of confidence in Facebook’s capability to face up to regulatory assaults the world over.

4) Britain turns into a neater place to do business after Brexit: UK strikes up rankings as finish to the transition interval and commerce offers ‘improve clarity and stability’ for corporations.

5) Motorists in battle towards Low-Traffic Neighbourhoods: Anti-LTN protests have taken place in Ealing, Wandsworth, Islington and Hackney, with the talk turning nasty at occasions.

What occurred in a single day 

Asian shares edged decrease on Tuesday on issues new coronavirus outbreaks in the area may undercut an financial recovery at the same time as sturdy momentum in the United States prompts the Federal Reserve to ponder a faster exit from accommodative coverage.

MSCI’s broadest index of Asia-Pacific shares outdoors Japan was 0.11pc decrease, hovering close to latest highs, although momentum has stalled as some nations re-impose lockdowns to include the unfold of the delta variant.

Australian and Japanese shares took the brunt of early losses, with the ASX/200 index down 0.76pc and the Nikkei falling 0.91pc. The South Korean market was 0.39pc decrease, and Chinese shares had been additionally down 1.06pc.

Coming up as we speak

  • Corporate: Full-year outcomes: Lamprell, Lookers; Interims: Hunting
  • Economics: Money provide development figures, mortgage approval and family lending knowledge, shopper credit score (UK); shopper confidence (EU, US); home worth index (US) 

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