Author: Euronews

The number of new apartments completed annually has hardly changed since 2021, dramatically missing government targets. ADVERTISEMENTGermany’s Federal Statistical Office announced on Thursday that 294,400 new apartments were built in Germany last year, a yearly decline of 0.3%.This total was far below the state’s target of 400,000 and is bad news for Germany’s struggling property sector.Over the last few years, investment in German construction has been hindered due to high interest rates, red tape, and elevated energy costs because of the Russia’s war in Ukraine.Between 2010 and 2020, the number of apartments completed annually rose from 159,800 to 306,400.Since 2021,…

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Major global stock indices are heading towards a negative weekly close as concerns about “higher-for-longer” interest rates weigh on market sentiment. ADVERTISEMENTRisk-off is currently dominating global market sentiment, leading equities to lose their upward momentum. Concurrently, metal prices, including gold, silver, and copper, have sharply retreated from their all-time highs. The US dollar has strengthened, putting pressure on other G-10 currencies. This development follows the release of the Federal Reserve’s meeting minutes, which revealed a lack of confidence among board members regarding the potential for lowering interest rates.EuropeEuropean stock markets are poised to close lower for the week as sentiment…

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