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Absence of buyers put pressure on House prices down.?Photo: ALAMY

Only 30,766 mortgages have been approved by major banks to people who buy a property for the month, the lowest level since March, 2009, when real estate prices have been declining, according to the British Bankers Association.

Mortgage total progress also dive to a low of 10 years, with only ￡ 7. 6bn lent, a level seen for the last time in February 2001.

NET loans, redemptions and refunds, gangs has increased slightly on the previous month to ￡ 1. 7bn, but was still lower than last year October 43pc.

The figures highlight the current state and mastered the activity on the housing market as buyers sit on their hands until the Outlook for the price of real estate and the impact of reductions in government spending becomes clearer.

Absence of buyers pressure downward on the price of real estate, with the approval of the mortgage for the purchase of House less than half the level of 70,000 to 80,000 per month which are regarded as compatible with a stable market.

Howard Archer, United Kingdom and European Chief Economist IHS Global Insight, said: "housing market activity remains stuck in the pot au Noir, which seems very likely continue the downward price pressure."

"Showing the mortgage approvals lower margins due to a minimum of 19 BBA data October month reinforces our belief that house prices will be trend down to lose their maximum concentrations 2010 10pc at the end of 2011."

There was a slight pick up in the number of people for months, remortgaging although 24,112, the figure was less than half the level seen before first struck by the credit crunch.

Guaranteed borrowings is also remained subdued as consumers continued to concentrate on repayment of debts.

People borrowed ￡ 5. 9bn in October, credit card but it was more that offset by payments of ￡ 6 credit card 05bn.Dette increased 258 million from ￡ once with interest and costs were taken into account.

Outstanding loan through loans and overdrafts contracted for the 15th consecutive month with refund of ￡ 345 million more people they have borrowed.

David Dooks, Director of statistics BBA, said: "activity of consumer credit and mortgage markets continues to be restrained in October reflecting uncertain prospects for households and lower consumer confidence.

Consumers is also increasing their economies by ￡ 3. 53bn in October, the highest level since March, when deposits tend to be stimulated by the late next tax year.

The amount of money people have put aside has increased by nearly 5mC in the past year.

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NEW YORK – Stock futures fell Tuesday following new worries about rising inflation in Asia and the possibility Ireland might need a bailout.

Asian markets fell overnight after South Korea's central bank raised interest rates to curb growing inflation. There has been speculation in recent days that China will have to take similar steps soon.

Investors will receive a report on inflation in the U.S. at the wholesale level later Tuesday. It is expected to show that the producer price index rose 0.8 percent in October, double September's growth. However, excluding volatile food and energy costs, costs are likely to rise 0.1 percent, matching September's increase.

Increasing interest rates would not only act to slow inflation, but also to slow rampant growth in Asia. The moves stand in stark contrast to the U.S., which has been trying to drive interest rates even lower to spark growth, which has been sluggish.

Asian economies have been expanding rapidly while the U.S. and much of Europe have been slow to recover from a global recession. The strength in Asia has helped many companies post big profits. So any potential for a slowdown in Asia without further expansion elsewhere could cut into earnings, which hurts stocks.

While Asian countries are dealing with strong growth, European finance ministers are meeting Tuesday. They are expected to discuss a potential bailout for Ireland, which is the latest country to struggle with mounting government debt. Similar problems in Greece earlier this year hurt stocks worldwide as its government received aid to help cover debt problems.

Major European indexes fell Tuesday and the dollar again strengthened against the euro. The dollar is hovering near its highest level against the euro since late September.

Ahead of the opening bell, Dow Jones industrial average futures fell 76, or 0.7 percent, to 11,097. Standard & Poor's 500 index futures fell 7.80, or 0.7 percent, to 1,188.00, while Nasdaq 100 index futures fell 20.50, or 1 percent, to 2,107.50.

Britain's FTSE 100 fell 1.5 percent, Germany's DAX index dropped 0.8 percent, and France's CAC-40 fell 1.6 percent. Japan's Nikkei stock average fell 0.3 percent, while Hong Kong's Hang Seng fell 1.4 percent.

In corporate news, Home Depot said expense controls helped its earnings jump 21 percent. Sales growth remains slow though as consumers avoid major purchases with the economy still weak and unemployment high.

General Motors is expected to raise the price range for its common stock to $32 to $33 when it launches an initial public offering Thursday. Strong demand for the shares has led the automaker to raise the IPO price from a range of $26 to $29.

The higher price would help the government recoup more of the taxpayer-finance bailout that General Motors received.

Meanwhile, Treasury yields retreated from a three-month high as investors moved into the safety of bonds. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 2.92 percent from 2.95 percent late Monday.

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NEW YORK – Stocks tumbled Thursday after a disappointing Outlook of Cisco Systems approach market and that the leaders of the world try to propose plans to strengthen a weakening global economy.

The Dow Jones industrial average fell more than 110 points in the morning, led lower by Cisco .the trade ' composite index technology-heavy Nasdaq tumbled 2 percent.

For the second quarter of right, Cisco has provided investors with a disappointing sales forecasting.Who sent the Dow Jones index shares component down nearly 16%.

Computer network hardware manufacturer stated that revenues will increase by less than half of what analysts had planned for the month of November by janvier.Il quarter has concerns that competitors small are cut in market shares of Cisco.

Technology shares were among the most efficient in these last months as the company begins to choose Save with companies more investing in new technologies, get out of the recession.Cisco cautious forecast puts a damper on broader growth expectations in the sector during the coming quarters.

206.05.Le Nasdaq dropped 50.57, or 2%, 2,528.21 standard & Poor 500 index fell 12.66 or 1% 1.

Volume could be the light of day because of vacation, Veterans Day would exaggerate to commercial déplace.Bond is closed for holidays and Federal Government offices are closed, so no there is no readings on the economy.

Investors have also prudent Thursday that the leaders of the main rich and developing countries have begun a Summit in the Sud.Le Korea 20 Group strives to hammer plans to support a global recovery that is accelerated in some new countries such as China, while several countries such as the United States struggled to bounce.

Currency manipulation, gaps in trade and protectionism are the main themes that the Group should discuter.Certains countries criticized the United States last week after the Federal Reserve announced a binding that effectively reduces the value of the United States dollar.Les purchasing program and others criticized China for its currency held artificially low.

A weak currency helps the exports of a country because they are becoming cheaper to sell abroad lekeage can lead to wholesale trade imbalances and protectionist reactions Government attempt to prevent the occurred without global market products in their own country.

Leaders are trying to sort these issues in order to avoid a currency devaluations string might acrobats a global recovery.

The dollar gained ground against the euro Thursday, and has changed little still yen japonais.Le Japanese Government flooded several times currency markets in recent months with yen to reduce the value of money as it is close to a minimum of 15 years against the dollar.

The euro has struggled the last few days because of concerns about government debt problems particularly in Ireland fresh.

Dollar down regularly in both months helped funnel money in stocks and commodity investors seeking the best performance.

Chinese economy has been worrying investors Thursday after the country also stated inflation rose in October at its fastest pace, more than two ans.hausse inflation could force the Chinese Government to impose new controls which may slow growth in the pays.Que could in turn, slowing global recovery.

? 2010 The Associated rights Press.Tous réservés.Ce hardware cannot be published, broadcast, rewritten or redistributed.

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PULLBACK: Stocks pulled back as traders retreated from a rally that brought indexes to their highest levels since the peak of the 2008 financial crisis last week. The Dow Jones industrial average fell 37 to close at 11,406.

GOLD HITS $1,400: Gold crossed $1,400 an ounce to another record as traders looked for safe places to park money.

DOLLAR PAIN: The dollar rose 0.5 percent against an index of currencies. That hurt companies with a lot of business overseas, since a stronger dollar makes their products more expensive in other countries.

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