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The cheaper you make mortgages — via negative interest rates — the more house prices go up as the supply of buyers enjoying easy cash increases.
Asian and European stocks and US futures fell on Thursday after central banks stoked growth fears and Theresa May agreed a six-month delay to Brexit.
US futures and European stocks rose ahead of the Brexit summit, ECB meeting and release of Fed minutes and inflation data.
European stocks and US futures dipped after Trump threatened to impose tariffs on $11 billion in EU imports including helicopters and ski-suits.
"We are now seeing a more persistent deterioration of external demand," European Central Bank President Mario Draghi said on Wednesday.
"I do not particularly like the idea of national champions, of European champions," the eurozone's top financial supervisor told the Financial Times.
Chinese exports dropped a shocking 21%, and traders are nervous about European growth and US jobs.
ECB warns markets not to expect a hike before 2020 as it announces fresh stimulus for ailing European economy
"The Governing Council now expects the key ECB interest rates to remain at their present levels at least through the end of 2019," the ECB said.
Italy sold two huge sovereign bonds at the start of 2019, defying expectations and kicking off a spate of fellow issuances to continue a market rally.
A menu of factors affected stock markets on Thursday, including the thawing US-China trade war, global growth, and the European economy and Brexit.