Will the quarterly US GDP impress the market?
US Advance quarterly GDP is announced on April 29 at 15:30 MT time.
China's new home prices rally in September led by smaller cities
In September, China's new home prices managed to surge at a firm tempo, backed by profits in smaller cities and demonstrating that the market was still resilient notwithstanding pressures from softer investment, a decelerating economy as well as government curbs on the sector.
In the country’s 70 key cities, in September, average new home prices headed north by 0.9% from August, which is slower than the previous month's outcome of 1.4% that appeared to be the fastest surge for two years.
In contrast with 2017, new home prices rallied by 7.9%, which is the quickest year-on-year leap since August last year and also faster than August’s 7% leap.
Prices kept soaring notwithstanding tougher curbs expected to tame a near-three-year real estate boom, which has spilled over from megalopolises to the hinterland.
While firm surge in the sector could cushion the influence of a mighty multi-year government clampdown on debt as well as escalating trade clashes with America, it could also generate fears of another bubble if prices surge greatly.
Real estate has appeared to be one of the few bright sectors the Asian country’s investment landscape, partly because of good sales in smaller cities exactly where a government crackdown on speculation hasn’t been as hawkish as in larger cities.
Prices in the country’s largest cities exactly where the severest control measures are taken, were generally steady in September, although Guangzhou prices added 0.4% on-month as well as 4.3% year-on-year.
In September, the top price performer was the capital of the country’s northwestern Shaanxi province, Xian whose prices headed north by 6.2% from August, as NBS data revealed.
According to official data, surge in the country’s real estate investment speeded down in September.
Additionally, real estate investment surged by up to 8.9% in September from 2017.
Similar
USD is heading for the best week in three
The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.
Key market news and trade ideas on March 25
Rising yields, potential US tax hikes, and inflation fears worry investors. As a result, the market sentiment is risk-off. Stocks are falling, while the USD and the JPY are edging higher.
Latest news
Friday Trades: EUR/USD, USD/JPY, and Gold
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Will There Be Any Changes in US Monetary Policy?
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
EUR, USD, GBP: all attention to PMI reports
PMI reports from the EU, the UK, and the USA will be released during the day!
Deposit with your local payment systems
