China Home Sales Slump Intensified in September Before Stimulus
Home sales in China have been on a steep decline throughout September, the decline worsening as the country prepares for new economic stimulus measures. Major property developers are showing sharp drops in sales that reflect compounded concerns over China's real estate sector, which has been sluggish for months. These figures have increased alarm over the general health of the Chinese economy and the efficacy of prospective interventions.
Continue readingTop Investors Pull Out of China Stocks En Masse Following Economic Stimulus
On the other hand, however, it has come out as a shock for most: some of the world's most influential investment firms have significantly reduced their stake in Chinese stocks. This gigantic sell-off comes on the back of new economic stimulus measures announced by the Chinese government that attempt to arrest and spur the slowing economy.
Continue readingBitcoin Gains as Fed Rate Cut Boosts Appeal of Riskier Assets
The Bitcoin price surged on Wednesday, the day the Federal Reserve cut interest rates. Riskier investments are now even more appealing due to this move Bitcoin, the leading cryptocurrency is the one that benefits most and it is now at the highest level ever. This behavior is caused by the monetary policy executed by the central bank of the country which is aimed at providing support for the economic development through the redistribution of funds which were previously demobilized and now quite favorably assigned to the debts with higher royalties of the borrowers like Bitcoin.
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