UK RICS house price gauge is at a 3-Year high, fuelled by sustained low borrowing costs and the government incentives to help boost the property market. However concerns are growing that the belief of historically low interest rates becoming the “new normal,” could lead to a blood bath as mortgage payments increase when rates do eventually rise.
SNB's Danthine: Exchange Rate Floor Necessary to Advance SNB Mandate - WSJ
S&P upgraded the US rating outlook to stable from negative and affirmed its AA+ rating and Moody’s said they will either raise the US outlook or cut the rating by year end
Apple reveals iOS 7 design revamp and iTunes Radio
Protest and social unrest continue in Turkey, as riot police clash in Istanbul’s Taksim Square
9:30 UK April Industrial and Manufacturing Production
15:00 UK May NIESR GDP estimate