Asia Stocks to Track US Rebound on Profit Optimism: Markets Wrap
European stocks rose for a second day, tracking gains in Asian markets on optimism that big technology companies will deliver robust earnings this week.
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European stocks rose for a second day, tracking gains in Asian markets on optimism that big technology companies will deliver robust earnings this week.
Taylor Wimpey Plc is failing to see lower mortgage rates translate into higher levels of home sales and is maintaining its forecast for fewer deals in 2024.
Chinese mainland investors increased their portion of total turnover of Hong Kong stocks to a record daily average in April, with the latest measures to bolster the city’s position potentially boosting their purchases.
Zhao Xiaowei did what would have been unthinkable just a few years ago: He quit his Beijing barista job and returned to his northeastern rust-belt hometown for a better future.
South Korea is emerging as a closely watched weak link in the $63 trillion world of shadow banking.
Nov 9, 2017
Reuters
,OTTAWA — Canadian new home prices rose in September, lifted by gains in Vancouver, while prices in Toronto were unchanged for the fourth month in a row following provincial government measures to rein in the market, Statistics Canada data showed on Thursday.
Nationally, prices increased 0.2 per cent from the previous month, matching economists' forecasts, and were up 3.8 per cent on the year. The new housing price index excludes apartments and condominiums.
The monthly gain was driven by a 0.7-per-cent increase in Vancouver, the country's most expensive housing market. While the British Columbia government implemented a tax on foreign buyers in the city over a year ago, housing activity has picked back up in recent months.
Prices in Toronto, where the Ontario government imposed its own foreign buyers tax in April, were unchanged, though they were still up 6.4 per cent from a year ago.
It was the longest run of flat prices for Canada's largest city since a six-month period that began in September 2008, when the global financial crisis was taking hold, the statistics agency said.
Ontario's government put a number of measures in place earlier this year to cool the Toronto market and surrounding areas, and other data have shown prices are down from their peak since then. Still, a monthly pick-up in sales in October suggests the market may be steadying.