Business News Live: Housing prices in the United Kingdom increased 2.4% in July, FTSE 100 and stock markets fall as new Trump tariffs are announced

A lucky Scot has won £ 100,000 in the Premium Bonds raffle, say ns and i, despite having only £ 750 in your account.

The two £ 1m winners came from Bedfordshire (with £ 7k) and abroad (with the maximum of £ 50k).

NS and I say that “more than six million awards will be paid, with a value of more than 396 million” in total for the August draw.

The effective awards rate for Premium bonds is 3.6 percent, with the chances that any individual £ 1 bonus wins any 22,000 to one prize.

While the big prizes get headlines, most PB holders do not win enough to overcome a standard savings account, the interest rate performance of their money.

Another look at the prices of the United Kingdom housing now: that increase of 2.4 percent is not in all areas, is an average of remembering.

As such, there are many areas that are falling today.

“With the supply of homes for sale at its highest level in a decade, the prices of the properties are leveling or even falling in some areas, despite the slight increase in the national average,” said Peter Stimson from Mpotgaages of Mpowered.

“All this is to create a buyers market and push the possible buyers who are fed up for rent of rentals to get out of the fence.

“With the new rules of affordability that people facilitate their first mortgage and allow lenders to greater flexibility in the amount they provide, the mortgage market is playing an essential role in maintaining the real estate market in motion.

“Since the Bank of England is expected to reduce its base rate again next week, the stress rates, the rate at which the affordability of the borrowers is calculated, could decrease even more, allowing even more borrowers to enter the market.”

The Government has confirmed that British steel manufacturers will recover access to the EU as of today, on August 1, under a zero rate agreement.

An agreement signed in May by the Prime Minister comes into force from now on, which allows companies to “export more steel used for large construction projects, such as support beams, to the EU rate.”

Secretary of State for Business and Commerce, Jonathan Reynolds said:

“This is another positive step for the United Kingdom's steel sector and a clear example of our plan of change in action: eliminating barriers, supporting jobs and supporting the British industry.

“Restoring our steel quota helps produce the certainty they need to compete, grow and maintain vital export relationships.

“This is based on the important support that this Pro-Acero government has already delivered, from our investment of £ 500 million in the transition from Green Steel de Tata, to an action to safeguard jobs in British Steel in Scuntorpe and our agreement with the United States to reduce tariffs in Steel Steel.”

Donald Trump has written to multiple pharmaceutical companies to demand lower prices for the US, which can be covered by increasing prices in other “free” countries.

The Telegraph reports a letter that says that GSK and Astrazeneca should try to “negotiate harder with foreign free nations” before using that excess cash to cover the cheapest sales in the United States.

“The increase in foreign income must be repatriated to the prices of the lowest medications for American patients and taxpayers,” said the letter.

According to reports, the president has given companies 60 days to “intensify” and accept a binding agreement.

Some quick reaction to those AIG results now, with actions that increase to 2 percent this morning.

The increase in earnings before taxes of £ 700 million is a great impulse, of course, but it is not just fuel costs and people who go abroad: the broader economic playing field could affect from this point, experts say.

Richard Hunter, head of markets of Interactive Investor, says that AIG deserves its impulse in the price of shares, has increased by 26 percent this year.

“The owner of British Airways has reached the skies in recent times and these results reflect more promise signs as the company pursues its longer transport objectives.

“His actions have had a more recent turbulent time, heavy for both geopolitical uncertainty and for the fears that traveling to the United States would be affected in reaction to his decision to declare a commercial war in many countries around the world.

“By brand, British Airways remains the jewel of the crown in terms of the group's greatest yields, especially this North Atlantic market. The frequency of flight to the selected destinations is continuously increasing, with IAG seeking to maximize the income not only of its premium offering but also a base of tributary clients.”

However, Chris Beauchamp, Chief Market Analyst of the IG investments firm says there could be a glass roof on how much the higher the price of the shares can go, currently at 388p.

“IAG is another of those stories this year of FTSE 100 companies that have seen great rebounds in the price of the shares. But a look at the table shows that, once the actions are crossed 400p, things become much more difficult.

Investors will remember the days of the beginning of April, when Trump's original tariff announcement sent free falling markets: 30 percent falls were not uncommon and the largest companies in the United States lost billions in value.

They are mostly back now, and then some, so it is not entirely surprising to see that the stock markets are lower as the deadline arrives.

However, with some agreements made and other tariffs not as punitive as it was originally feared, mass sale is nothing like that deep immersion of early April.

The FTSE 100 today has dropped 0.5 percent, while in Europe the German Dax has dropped 1.4 percent and CAC 40 of France has dropped 1.5 percent.

Asian actions also fell during the night: Hang Seng, Nikkei 225 and Asia Dow were between 0.5 percent and 0.8 percent in red.

Donald Trump has been accused of moving away from his threats most of the time, hence the emergence of Taco's trade.

But taking that bet is not worth this time, says Dern Nathan, head of capital research, Hargreaves Lansdown.

“Countries that play rates poker with Donald Trump have called their cliff with new import tax rates from the United States announced for 92 nations shortly before the deadline of August 1, with rates that go from 10% to 41%.

“Mexico was the only remarkable relief, gaining an extension of 90 days to agree on an agreement. China already faces a separate deadline of August 12”.

While the deadline for trade agreements has come, not everyone is seeing an immediate change.

Mexico has received a 90 -day post, for example, while the United States said there was a seven -day window before tariffs came into force.

Then, the nations that do not have an agreement will see the dikes of between 10 and 40 percent applied.

• Brazil 10%, but 40% for some goods
• India 25%
• South Africa 30%
• Taiwan 20%
• Syria 41%
• IRAQ 35%
• Lesotho 15%
• Serbia 35%

The last deadline of August 1 of Donald Trump for trade agreements has arrived and, with it, a series of nations are affected with rate rates of 35 percent.

The most shocking name on the list is Canada, with the neighboring of the United States now affected with all the agreements that are not yet included in the American-Mexico-Canada agreement.

Prime Minister Mark Carney said he was “disappointed” by the result.

The agreement also stipulates goods sent elsewhere and after return to the USA. It would be subject to a rate of 40 percent,

Early Hours, Trump wrote on social networks that Canada that supports Palestine as a state “would make it difficult for us to make a commercial agreement with them.”