The US Parties Lead the Country to a Default
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
Home prices demonstrate another record in Hong Kong
In June, private home prices in Hong Kong demonstrated another record. They soared more than 10% in the first half of this year, according to the government data. However, market experts told that potential interest rate lifts as well as trade disputes could hamper lifts over the rest of 2018.
It’s apparent that any cooling in home prices in Hong Kong would be upbeat news for the authorities, which have repeatedly promised to make homes more affordable in the city. Traditionally these homes are considered to be the most expensive around the globe.
From May property prices tacked on by 1.6% breaking record levels for the 20th consecutive month, as follows from an index prepared by the Rating and Valuation Department on Tuesday. As a matter of fact, June prices managed to rally up to 15.9% in contrast with 2017.
A 650-square-foot flat on Hong Kong Island would be worth approximately HK$11.5 million, in accordance with calculations utilizing June data from Midland Realty.
However, after a 27-month-long run of soaring monthly prices, which appears to be the longest winning marathon in the city’s history, market experts actually expect the red-hot market to recede over the rest of 2018.
Besides this, the asking prices of some fresh projects happen to be less hawkish now. It’s a clue that developers are on the verge of ramping up sales, as some financial analysts pointed out.
Combined with concerns as for a trade conflict as well as a potential interest rate lift, home price leap in the second-half of 2018 won’t be as vivid as the first-half.
While a number of property consultancies actually expect home prices to ascend at a reduced tempo, Citigroup Global Markets Asia actually projected a 7% dive in the second-half of this year.
Similar
The Sentiment is Bearish for the EUR
The US Consumer sentiment will shake the market today. We are back with more news for you to enjoy!
CPI Wednesday: the Doomsday for EURUSD and GBPUSD?
Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!
Latest news
Oil prices are in focus today
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
Nonfarm Payrolls is in Focus Today
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
No More US Debts in Sight
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
