Watch You Tube video here. Bernard Hickey details the key news over the weekend in 90 seconds at 9am in association with ASB, including news that Quoteable Value has reported house prices rose 0.2% in the three months to October from the same period a year ago. They are also up 4.1% from the trough in April, but are down 7.5% from the peak in January 2008. QV says there is a shortage of listings that is putting upward pressure on prices. Meanwhile, jobs figures out of the United States show unemployment there rose to 10.2% in October and there were 190,000 jobs lost, which was more than expected. The US economy remains in deep trouble as consumers reduce their spending to try to repay debts. This is a concern for the global economy. Meanwhile the G20 meeting of finance ministers finished in Scotland over the weekend with US Treasury Secretary Tim Geithner rejecting the idea of a Tobin Tax put forward by Gordon Brown, Bloomberg reported.
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