Latest news with #JamesRossiter
Yahoo
21-06-2025
- Business
- Yahoo
Six bed HMO in 'highly desirable' Birmingham neighbourhood comes with suggestion to buyers
A six bedroom HMO is set to go under the hammer and comes with one suggestion for potential buyers. The property, due to go under auction imminently with Bond Wolfe, is in Kings Heath and described by agents as being in "a highly desirable location." While the property is described as a licensed HMO, Bond Wolfe suggested that it may also be suitable for conversion back into a large family home, which could be good news for parents with children looking for a spacious living space. READ MORE: 'I was frightened to use heating until I found under-claimed DWP payment' James Rossiter, senior auction valuer at Bond Wolfe, explained that competitive bidding was expected for the mid-terraced property, as it was very close to Kings Heath high street. Mr Rossiter said: 'This house stands back from the road with gardens front and back, just a stone's throw away from Kings Heath's high street on the A435 Alcester Road, a highly desirable location. 'The property has been converted into a six-bedroomed HMO that is fully compliant and licensed, with an existing lawful use and development certificate. 'Another plus-point is that the property may also be suitable for conversion back into a large family home, or could have further potential for development to the rear, subject to planning permission.' Buyers have been advised that the HMO, on Addison Road in Kings Heath, will have a £320,000+ guide price in the livestreamed auction on Thursday July 10. On the ground floor is a hall, reception room, bedroom, dining kitchen, utility room, bathroom and separate toilet. There is a landing, three bedrooms and shower room with toilet on the first floor, and another landing and two bedrooms on the second floor. The property, which is currently vacant, benefits from gas central heating and double glazing. The Kings Heath property is among scores of lots appearing in Bond Wolfe's next auction which is due to start at 8.30am on Thursday 10 July. Bond Wolfe said viewings are taking place this June, and you can find more information on its site.
New York Times
10-04-2025
- Business
- New York Times
Stocks Fall as Tariff Pause Fails to Quell Wall Street's Worries
The stock market resumed its slide on Thursday, as the White House clarified that Chinese imports would face a tariff of 145 percent, prompting renewed investor angst over an escalating trade war between the world's two largest economies. The S&P 500 fell 3.5 percent, a day after recording its best gain since 2008. The drop erased much of Wednesday's 9.5 percent rise and showed that fears that tariffs could hamper economic growth were still very much alive. Thursday's drop brought a continuation of the chaotic trading conditions and sharp losses that have characterized the stock market since President Trump's announcement last week of steep tariffs across the nation's trading partners. As stocks slid again, the wild swings in government bonds caught the attention of policymakers who are watching to ensure that one of the most crucial financial markets in the world continues to function smoothly. Investors had welcomed Mr. Trump's 90-day reprieve on higher tariffs, and the market soared within minutes of the announcement on Wednesday. The pause applied to all countries except China, which investors had thought would face an import tax of 125 percent. But stocks began to drop on Thursday morning as analysts noted that even with the tariff pause, countries still faced a new blanket 10 percent tariff — already much higher than before. Tariffs recently imposed on cars and auto parts, and steel and aluminum, would also remain in place. Then the White House clarified that the new 125 percent tariff on Chinese imports was on top of earlier 20 percent tariffs, taking the number to 145 percent. 'Despite the good news, policy uncertainty remains elevated and will act as a drag on the U.S. economy,' James Rossiter, the head of global macro strategy at TD Securities, wrote in a note. 'Firms will struggle to plan.' Want all of The Times? Subscribe.
Zawya
10-03-2025
- Business
- Zawya
Stocks slip, yen gains on Trump trade war, China deflationary pressure
European shares dipped to their lowest in almost a month on Monday and world stocks followed as building deflationary pressure in China added to growth worries from a lacklustre U.S. economy and an escalating global trade war. Europe's broader STOXX 600 regional benchmark fell by as much as around 1%, just as a gauge of equity volatility nudged up to a fresh 7-month high above 23 points. "This week is a big week, we have some massive policy decisions coming up that potentially define not only the next quarters but possibly the years to come," said James Rossiter, head of global macro strategy at TD Securities. Stock investors were holding back because of a lack of conviction amid the uncertainty, Rossiter added. European Union finance ministers this week are set to discuss how to pay for defence through new joint borrowing, existing EU funds and a greater role for the European Investment Bank. German leaders agreed last week to overhaul state borrowing rules to boost defence spending and also set aside 500 billion euros ($541 billion) for infrastructure investments over 10 years. Investors looked ahead to Germany's inflation figures later this week, a reading that comes as European Union trade tensions with the United States simmer. In the U.S., Federal Reserve speakers scheduled to speak include Chair Jerome Powell on the U.S. economic outlook. China's consumer price index fell at the sharpest pace in 13 months in February, data showed, while producer price deflation persisted in the latest hit to consumer confidence in the world's second-biggest economy. China's blue-chip CSI300 Index closed 0.4% lower, while the Shanghai Composite Index eased 0.2%. Hong Kong's benchmark Hang Seng fell 1.9%. The yen strengthened 0.7% to 146.975 per dollar. Beijing pledged more stimulus to boost consumption and foster innovation in artificial intelligence at the start of the week-long National People's Congress meeting that runs until Tuesday. 'CAVALIER' U.S. President Donald Trump in a Fox News interview on Sunday declined to predict whether his tariffs on China, Canada and Mexico would result in a U.S. recession. A run of soft U.S. economic data continued on Friday after monthly figures showed the labour market created fewer jobs than expected in February, in the first payrolls report capturing Trump's policies. "I think it's Trump's cavalier approach to economic policy that's rattling sentiment," said Kyle Rodda, senior financial markets analyst at "Unlike during his first administration, where signs of an economic slowdown or market correction would see a pivot on policy, he is genuinely focused on significant, structural change to the economy - even if it comes at the expense of short-term growth." The 10-year U.S. Treasury yield dropped 7 basis points to 4.2474% and the two-year yield fell 6 bps to 3.945%. The U.S. dollar index, which measures the currency against six others, was steady at 103.61. The euro edged up 0.3% to $1.0865 and sterling was little changed at $1.2926. In his latest warning to Canada, Trump said on Friday that reciprocal tariffs on dairy and lumber could be imminent. "For those struggling to keep up, that means that Canadian tariffs were imposed on Tuesday, tweaked on Wednesday, delayed on Thursday, then expanded again on Friday," said Michael Brown, senior research strategist at Pepperstone. "In that sort of an environment, it is frankly impossible for any market participant to price risk." The U.S. president also said he is strongly considering sanctions on Russian banks and tariffs on Russian products to try and bring a speedy end to the war in Ukraine. Crude oil rose with both Brent and U.S. West Texas Intermediate crude last up by around 20 cents at $70.53 and $67.20, respectively, a barrel. Cryptocurrency bitcoin lost as much as 7.2% from Friday to reach its lowest this month at $80,085.42, and was last at $82,040. The long-awaited executive order on creating the reserve came on Friday, but disappointed many investors by saying there would be no additional buying of bitcoin. (Reporting by Nell Mackenzie and Kevin Buckland; Editing by Lincoln Feast, Kirsten Donovan)
