In May, new home prices in China experienced a slight increase for the ninth consecutive month, according to a private survey. The average new home price across 100 cities rose by 0.25% on a monthly basis in May, following a 0.27% gain in April. This upward trend can be attributed to the various supportive steps
Economy
The current financial market trends show that Asian stocks are rising, indicating the potential for the fourth consecutive month of gains. However, the dollar is drifting lower, impacting Treasury yields and investor sentiment. The economic data from the first quarter suggests that the U.S. economy may have grown slower than expected, leading to speculation about
The dollar surged to a two-week high against other major currencies, driven by a sharp drop in Treasury yields. This increase in U.S. yields, coupled with heightened demand for safe-haven assets, has improved the attractiveness of the dollar in the forex market. As long-term Treasury yields spiked over two days, climbing above 4.6%, investors grew
In the realm of Asian markets, the recent surge in global bond yields has sent shockwaves through financial institutions and investors alike. The strengthening dollar and subsequent tightening of financial conditions have left many wary of the future. As economic data remains light in this region, investors are left to speculate on the implications of
According to a recent poll conducted by Reuters, housing market specialists anticipate that British home prices will experience modest growth in the upcoming years. The survey indicated that prices are expected to rise by 1.8% in 2024, with even faster growth projected in the following years. This forecast is supported by anticipated reductions in borrowing
Preliminary data from three German states has shown a slight increase in inflation rates during the month of May. This is a significant indicator for economists, as it may suggest a potential rise in national inflation for Europe’s largest economy. In North Rhine-Westphalia, the most populous state in Germany, the inflation rate rose to 2.5%
The recent tornado-spawning thunderstorms that ravaged the Southern Plains and the Ozark Mountains have left a path of destruction in their wake, claiming the lives of at least 21 individuals across four U.S. states. The devastation caused by these storms has resulted in the loss of hundreds of buildings and properties, leaving countless families devastated
India’s economy is facing challenges with a slowdown in the January-March quarter. Economists predicted that the GDP growth rate would be at its slowest pace in a year due to weak demand. The unexpected 8.4% growth in the previous quarter was seen more as an anomaly rather than a trend, with most experts forecasting a
French President Emanuel Macron’s upcoming state visit to Germany holds significant importance as the two largest powers within the European Union aim to demonstrate unity before the EU parliamentary elections. Macron’s visit to various cities in Germany, including Berlin, Dresden, and Muenster, marks the first French presidential state visit to Germany in over two decades.
Argentine President Javier Milei has announced a proposal to implement a “significant” tax reduction if Congress approves a bill aimed at reducing state intervention in the economy. This proposal comes at a time when the country is facing a prolonged economic crisis with high inflation rates. President Milei emphasized the need for Congress to pass
The current geopolitical climate has created significant challenges for European banks operating in Russia. Recently, U.S. Treasury Secretary Janet Yellen expressed concerns about the risks faced by banks conducting business in Russia and hinted at the possibility of strengthening secondary sanctions against institutions aiding transactions for Russia’s war efforts. This has put pressure on European
Finance leaders of the Group of Seven (G7) advanced nations recently met in Stresa, Italy, where they reaffirmed their commitment to warn against excessively volatile currency moves. This language, seen as a green light by Japan to intervene in the market to prevent rapid falls in the yen, has garnered attention and sparked discussions among