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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.
In September, American home sales went down by the most for more than two years due to the fact that the housing market kept struggling notwithstanding strength across the broader American economy…
In September, Britain's authorities faced a smaller budget deficit than anticipated, although the improvement won’t probably help a lot to have minister Philip Hammond financed as he’s working on his annual budget…
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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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