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UK Homebuilder Stocks Flash Buy Signal After Year-End Slump

(Bloomberg) -- British homebuilder stocks are flashing a key buy metric for the first time in more than a year, indicating a possible end to a slump spurred by concern that elevated mortgage rates will hamper demand.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe Bloomberg UK Homebuilder Index is trading at a price-to-book ratio of less than 1, loosely meaning the equit

ECB Broadly Comfortable With Market’s Rate-Cut Bets, Wunsch Says

(Bloomberg) -- Investor bets on how much lower the European Central Bank’s interest rates will have to fall are relatively consistent with policymakers’ own assessments, according to Governing Council member Pierre Wunsch.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAsked about wagers on four to five more quarter-point cuts from the current 3% level, the Belgian official