China accuses US of ‘seriously violating’ trade war truce – business live

Rolling coverage of the latest economic and financial newsTrade war fears don’t seem to have hurt the UK housing market last month.Lender Nationwide has reported that the average house price rose by 0.5% duing May, reversing most of the 0.6% fall recorded in April.“Despite wider economic uncertainties in the global economy, underlying conditions for potential home buyers in the UK remain supportive.“Unemployment remains low, earnings are rising at a healthy pace (even after accounting for inflation), household balance sheets are strong and borrowing costs are likely to moderate a little if Bank Rate is lowered further in the coming quarters as we, and most other analysts, expect.“What China is doing is they are holding back products that are essential for the industrial supply chains of India, of Europe. And that is not what a reliable partner does.” Continue reading...

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