Mortgage turbulence continues as HSBC pulls deals; UK house prices ‘to fall 10%’ – business live

HSBC temporarily removes mortgage products for new customers, as borrowers face higher rates

• HSBC temporarily withdraws mortgage deals for new borrowers
• Tories can rule out any pre-election feelgood factor from property market

Over in Italy, factory output has taken a knock.

Italian industrial production index decreased by 1.9% month-on-month in April, and was 7.2% lower than a year ago.