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In September, China's new home prices demonstrated a second straight month of poor surge, with prices in the biggest markets going down and revenues in smaller cities tumbling because government measures to tame a long property boom took hold.
China's housing market has faced a near two-year tear, thus giving the national economy a key boost, although driving fears of a property bubble even as the Chinese government works to reduce risks from a fast build-up in debt.
While monthly price leaps peaked in September last year at about 2.1% across the country, they have softened just begrudgingly since that time, regaining momentum because buyers managed to shrug off every new wave of government measures to tame speculation.
Market experts tell that more tightening could still be applied to lower-tier cities with fast price ascends because critics argue that China's ever-soaring administrative control over its property market has already reaffirmed traders’ views that prices are going to stand still.
In December, new orders for major American capital goods suddenly slumped in the face of decreasing demand for machinery as well as primary metals, indicating a sustained deceleration in business spending on equipment, which could further impact economic…
American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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