UK home prices climb lifted by London market

Source: Bloomberg
UK housing prices surged for a third consecutive month in May, fuelled by value increase in London, Hometrack reported on Monday. Home value for the UK soared 0.2% compared to previous month while prices in London climbed 0.6%. Nevertheless, Hometrack predicts the price increase in nation's property market for the year will be limited due to persisting Euro Zone debt crisis. 
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Mon, 28 May 2012 10:12:59 GMT

Spain might recapitalize Bankia using debt

After Bankia's request for rescue funding last week, government announced it might recapitalize the bank using government bonds. Rescue funding required is around EUR 19b. Bankia could use government debt papers as collateral getting money from European central Bank forcing ECB to get involved in restructurisation of Span's banking sector. This would be the biggest bank rescue in Spain's history.

Mon, 28 May 2012 09:18:58 GMT

European shares recovered on Friday

European stock markets rebounded on Friday lifted by drug manufacturers and improved consumer confidence in Germany. Stoxx Europe 600 gained 0.2%, British FTSE 100 index traded almost flat and German DAX added 0.4%. French CAC advanced 0.3% but Spanish IBEX 35 posted only a small gain of 0.1% as worries over country's debt trouble lingered. Meanwhile Athens General index extended

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