Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
China's month-on-month home price surge is still sturdy in May
In May, prices in China's sizzling property market kept growing, thus demonstrating resilient demand notwithstanding the imposition of tougher official measures to tame ascending prices.
Sturdy price revenues actually highlight the challenge the Chinese government faces in taming an overheating market without affecting the national economy, where real estate appears to be a key driver of surge.
In May, average new home prices in China's 70 key cities inched up 0.7% from last month, which is in line with April, as Reuters calculated from an official poll on Monday.
Compared with last year, new home prices tacked on 10.4% in May, decreasing from a 10.7% revenue in April, according to National Bureau of Statistics data.
In May, in the country’s biggest cities, including Shanghai and Beijing stopped soaring on a monthly basis, while prices went down in Shenzhen, the fastest pace for three months.
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
BoJ started currency interventions and the US bond yield is on its maximums. What's going on in the markets? Check our review.
Mester (Fed) says the Fed will have to raise rates again this year. However, the US dollar index shows signs of a short-term decline. Read the full article and learn more!
Welcome to the first week of October! As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events.