Chinese shares may gain 20% within next three year, even if conflict with the US is not resolved, Bloomberg reports with reference to the founder of hedge-fund APS Asset Management Pte ($3 billion of assets).
If conflict on trade and technology is resolved, then the growth will be up to 50%. CSI index so far lost 14% this year.
According to Bloomberg, European shares struggle for direction today. Energy companies growth was overlapped by drop in telecommunication sector. As a result, Stoxx Europe 600 Index grew just 0,1%. Euro lost less than 0,05% and costs $1,1747. British pound strengthens. It gained 0,2% to $1,329.
Canada wanted to cool its housing market. Now it looks like the goal is achieved, Bloomberg reports. Sales of luxury property at the most expensive markets of Canada dropped significantly in the first half of this year due to tighter government regulation of the sector.
Oil prices are rising on Tuesday due to growing concern about potential deficit of supply, Reuters informs. Hundreds of workers from Norwegian oil sector are planning to have a strike today.
Price of Brent oil increased by 0,4% to $78,39 a barrel. On Monday it gained 1,2%.
Impala Platinum Holdings Ltd. (Implats), second largest producer of platinum in the world, is having a difficult choice, trying to reduce losses that it suffers due to decline in metal's prices, Bloomberg reports.
French government insists on mutual Europe's actions in response to tariffs increase on behalf of the US, after Germany announced that it is ready to negotiate lower duties for the US, Reuters informs.
According to Bloomberg, European shares grew today after Asian counterparts. US futures rise as well, since investors put aside concerns over trade conflict and concentrated on companies’ earnings season.
Global debt becomes of more and more concern of the World Bank, Bloomberg reports.
After decades of low interest rates, corporate and public debt in many places reached shocking $164 trillion.
If global recession or economic crisis in the US appear on the horizon, then it is time to buy Swiss franc, Singapore dollar, US dollar or Japanese yen and get rid of emerging markets currencies, Bloomberg informs with the reference to analytics of JPMorgan Chase & Co.
Shares of Xiaomi Corp. fell by 6% after their debut in Hong Kong, Reuters reports.
Xiaomi issued its shares at HK$17, hoping to get $4,72 billion. This is the largest technology IPO in four years.
Parking spaces market is hot as it never was. Spot in luxury development of Kowlon region in Hong Kong was sold for record HK$6 million, Bloomberg reports.
Low global sales of smartphones hurt profits of Samsung Electronics Co., Bloomberg reports. Company reported profit that was lower than forecasted.
