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European housing markets
Trends
- 1European shares rise as UK homebuilders surge on buyer support scheme●European shares rise as British homebuilders surge on buyer support scheme
European stock markets moved higher, with British homebuilders leading the gains after a new buyer support scheme was announced. The scheme, aimed at helping people purchase homes, boosted sentiment around housebuilders, lifting the broader European indices. Investors welcomed the policy support for the housing sector, which had faced pressure from high mortgage rates and weak demand.
- 2White House urges EU to draw down diesel inventories▼White House urges EU to draw down diesel inventories, sources say
The White House has asked the European Union to draw down its diesel inventories, according to sources. The request points to US concern over global diesel supplies and prices, with Washington looking to European stockpiles to help ease pressure on fuel markets. Details of the talks and the EU's response have not yet been made public.