OctaFX | OctaFX Forex Broker
Open trading account
Back

China house prices continue to rise

FXstreet.com (Barcelona) - China new home prices rose +3.6% on a yearly basis in March vs +2.1% in February, with the Chinese Home Prices up in 68 of 70 cities surveyed. The government is likely to take further action to cool down what is understood to be an ongoing bubble in the housing sector.

The historic chart shows that after China managed to cool down prices a bit mid-2012, the upward tendencies have returned, a very concerning situation for the government. According to David Scutt, Treasury Dealer at Arab Bank Australia: "China house price data should send shudders through markets already concerned about global growth. The govt will take action."

Forex Flash: Markets want to see evidence of Japanese capital outflow - RBS

“This morning we have seen the JPY strengthen after the release of weekly international portfolio transactions data,” said RBS analysts, adding: “It revealed that Japanese institutions (Banks, insurers, security companies, Investment Trusts, Trust banks) in total net sellers of foreign bonds last week by JPY332bn, after selling the previous week by 1,114bn. On the other hand, foreigners were big buyers of Japanese equities snapping up JPY1569bn, after buying 868bn the week before. This will disappoint many that are eager to see evidence that Japanese investors are moving funds abroad in response to the BoJ's "qualitative and quantitative easing QQE" a week earlier on 4 April.”
Read more Previous

China FDI - Foreign Direct Investment (YTD)(YoY) improves to 5.7% vs -1.35%

Read more Next
Start livechat