The S&P CoreLogic Case-Shiller Index reported a 3.9% year-over-year increase in home prices in September, despite a surge in mortgage rates. The growth coincided with the 30-year fixed mortgage rate’s climb toward 8%. Notably, rents are easing while home prices continue to rise. The report highlighted that of the 20 metropolitan markets, Detroit saw the […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 14.90 points or -0.05% to 31,857.62 Shanghai closed Hang Seng increased 436.63 points or 2.51% to 17,809.66 ASX 200 increased 23.80 points or 0.34% to 7,048.60 Kospi closed SENSEX increased 320.09 points or 0.49% to 65,828.41 Nifty50 increased 114.75 points […]

ASIA:   Japan’s Prime Minister Fumio Kishida has announced a forthcoming economic stimulus package aimed at alleviating the impact of rising prices and increasing wages for households. The plan includes steps to combat cost-push inflation, support sustainable wage growth, stimulate domestic investment, address population decline, and encourage infrastructure spending. Kishida intends to steer the Japanese […]

ASIA: JPMorgan’s head of emerging market economics has suggested that the Reserve Bank of India is likely to purchase dollars and sell bonds to manage rupee liquidity as India’s inclusion in global bond indices approaches. JPMorgan’s decision to include India in its emerging market bond index in June 2024 is expected to bring in $15 […]

ASIA:   The US and China have established two working groups to discuss economic and financial matters, as announced on September 22. This decision was made by US Treasury Secretary Janet Yellen and Chinese Vice-Premier He Lifeng during their meeting in Beijing in July. The economic group will involve collaboration between the US Treasury department […]

ASIA:   S&P Global Ratings has kept India’s growth forecast for the current fiscal year at 6%. This decision is based on factors such as the global economic slowdown, increased risk of below-average monsoons, and the delayed impact of interest rate hikes. Although the agency views the recent surge in vegetable prices as temporary, it […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 168.62 points or -0.52% to 32,402.41 Shanghai increased 47.73 points or 1.55% to 3,132.43 Hang Seng increased 402.04 points or 2.28% to 18,057.45 ASX 200 increased 3.60 points or 0.05% to 7,068.80 Kospi decreased 6.84 points or -0.27% to 2,508.13 […]

ASIA:   The Bank of Japan is expected to maintain extremely low interest rates and reassure markets about continued monetary stimulus, despite global economic concerns linked to China’s situation and U.S. interest rate developments. This policy contrasts with the U.S. and European central banks, which have raised rates to combat inflation. Despite Japan’s inflation exceeding […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 218.81 points or -0.66% to 33,023.78 Shanghai decreased 16.39 points or -0.52% to 3,108.57 Hang Seng decreased 111.57 points or -0.62% to 17,885.60 ASX 200 decreased 33.30 points or -0.46% to 7,163.30 Kospi increased 0.53 points or 0.02% to 2,559.74 […]

ASIA: China’s central bank and forex regulator held a meeting with foreign financial institutions and companies, including JPMorgan, HSBC, Deutsche Bank, and Tesla. This meeting reflects China’s efforts to attract overseas investment to support its economic recovery. The People’s Bank of China (PBOC) stated that China aims to enhance its policies and create a more […]