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.
May 4, 2021
BNN Bloomberg
,Runaway home-price growth in Canada's largest housing market stalled last month amid signs prospective homebuyers could be tapped out.
There were 13,663 property sales across the Greater Toronto Area in April, according to data released Wednesday by the Toronto Regional Real Estate Board (TRREB). While that represents a 362 per cent surge compared to a year earlier, when activity was decimated at the onset of the pandemic, it was a sequential drop of almost 13 per cent compared to sales logged in March.
It was a similar story for the average selling price in April, which surged 33 per cent year-over-year to $1,090,992 -- marking a modest downturn from the record that was set in March.
"It makes sense that we had a pullback in market activity compared to March. We’ve experienced a torrid pace of home sales since the summer of 2020 while seeing little in the way of population growth. We may be starting to exhaust the pool of potential buyers within the existing GTA population. Over the long term, sustained growth in sales requires sustained growth in population,” said TRREB President Lisa Patel in a release.
Across the four major home categories tracked by TRREB, only condos and semi-detached properties bucked the price trend by posting region-wide sequential price growth. Meanwhile, the average price of a coveted detached home in the City of Toronto slipped almost three per cent to $1,699,756.