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Finance Latest News: Home Prices Jump in June as Sector Recovers

Wochit 0:50 mins

Data from CoreLogic showed that home prices jumped in June and are forecast to ramp up further in the latest signs of a housing market that is on the mend. CoreLogic's home price index rose 1.9 percent from May and accelerated by 11.9 percent from June last year. European Central Bankl Policymaker Peter Praet says the ECB could plan for more low interest rates, easing bias and cuts if the inflation outlook gets worse. Asia-focused bank Standard Chartered took a $1 billion hit on the value of its Korean business. The bank said Korea remains its most difficult market and it was writing down the value of the business.

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