First decline in Chinese property prices since 2015

New home prices in China fell marginally in September for the first time since April 2015. A new property developer, Sinic, was also unable to meet its commitments on a USD loan. The situation remains tense, although “manageable” according to the Chinese authorities.

Energyscan economics news

Markets that were driven by positive sentiment until yesterday are likely to take a hit as long term bond yields have risen quite sharply in the last few hours, with the US 10 year yield reaching 1.67%, the highest since May. UK inflation came out very slightly lower in September and below expectations at 3.1%, but a clear acceleration is expected before the end of the year and a rate hike by the Bank of England expected in November or December. In Germany, producer prices rose by a record 14.7% year-on-year in September. Final Eurozone inflation data is expected this morning to confirm that it reached 3.4% in September. Little respite for the bond market…

The EUR/USD exchange rate logically seems to be easing this morning in a more cautious market context, after having risen sharply to touch 1.1669 yesterday.

Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

April 29, 2022

Germany moves closer to ban Russian oil

Oil prices rallied on Thursday. The ICE Brent front-month end the day at $107.59/b a 2.1% increase and NYMEX WTI front-month closed 3.3% higher at…
January 20, 2021

Stimulus hopes drive crude prices higher

Brent prompt futures edged higher on Tuesday and early Wednesday at 56.2 $/b as US equity markets were on the rise, following Ms. Yellen’s stance…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Don’t have an account yet?  Sign up here!