Asia Stocks to Track US Rebound on Profit Optimism: Markets Wrap
European stocks rose for a second day after strong earnings from some of the region’s biggest companies, while positive economic data helped boost sentiment.
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European stocks rose for a second day after strong earnings from some of the region’s biggest companies, while positive economic data helped boost sentiment.
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 6, 2021
Bloomberg News
,Mortgage rates in the U.S. dipped to the lowest level in almost three months.
The average for a 30-year loan was 2.96 per cent, down from 2.98 per cent last week and the lowest since Feb. 18, Freddie Mac data showed Thursday.
Lower borrowing costs have fueled the pandemic housing market, increasing buying power for Americans looking for properties in the suburbs. Still, a shortage of available homes has driven up prices across the U.S.
Mortgage rates, which hit a record low of 2.65 per cent in early January, had climbed above 3 per cent this year amid optimism about an economic rebound. The dip to 2.96 per cent was the fourth drop in five weeks.