Global Markets: United States housing prices higher for second month

By MarketsFarm

WINNIPEG, Nov. 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Home prices in the United States rose for the second consecutive month, according to data from the private firm Standard & Poor. On Tuesday, they reported their national home price index increased by 3.2 per cent from September, when it was up by 3.1 per cent from the prior month. However, analysts estimated the growth to be closer to 3.23 per cent. The data is consistent with a recent report from the National Association of Realtors, which detailed median existing home prices increased by 6.2 per cent in October when compared to October 2018.

– In Berlin, approximately 10,000 farmers and 5,000 tractors have gathered at the capital’s Brandenburg Gate, blocking traffic in protest of Germany’s agricultural policies. Farmers have claimed new environmental limits regarding pesticides and herbicides are overly restrictive, and “government is making it impossible for domestic agriculture to compete against imports,” according to The Canadian Press.

– A coalition government in Maharashtra has collapsed after failing to secure a majority. The coalition was just four days old and led by the Bharatiya Janata Party (BJP). The failure of the coalition government is seen as a setback for Prime Minister Narendra Modi. Fadnavis has since resigned from his position as chief minister.


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