Drought descends on London’s prime lettings market; Emerging-Market Stocks Correct Sharply as Trade Battle Flares

• The number of homes in prime central London being listed to rent in the second quarter of the year was down 5.3 per cent on the 2018 figure and is almost 22 per cent lower than the same period in 2016
• At the same time, demand for rentals is rising as people grow wary of buying in case house prices fall further
• An increase in renewals as tenants stay in the same property for longer and fewer new buy-to-let properties being bought are some of the factors causing the shortage

• Investors pulled $6.8 billion from emerging-market stocks and bonds between last Thursday and Tuesday
• Investors are fleeing emerging-market stocks and currencies, fearful that an escalating trade war between the U.S. and China will affect global growth
• A decline in commodity prices has also weighed on emerging markets

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