September 2018

Managers of emerging markets funds expect further decline

September 26, 2018 - 14:09
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Managers of emerging markets funds expect further decline

For some emerging markets funds, current suppressed price of Asian assets is still not low enough, Bloomberg writes.

Managers of portfolios are not in a hurry to spend money on increasing exposure to fast-growing regions. Instead they are expecting further weakening amid trade war between the US and China and strengthening dollar.

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Deutsche Bank considers theoretical scenario of merger with UBS

September 26, 2018 - 11:45
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Deutsche Bank considers theoretical scenario of merger with UBS

Deutsche Bank considers theoretical scenario of merger with UBS, Reuters reports with the reference to German edition Handelsblatt.

This scenario, as well as potential merger with Commerzbank, was discussed during last strategic meeting of the bank.

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Luxury houses market in Canada split into West and East

September 26, 2018 - 10:48
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Luxury houses market in Canada split into West and East

Luxury houses market in Canada split into West and East, Bloomberg writes.

In Toronto sales of houses costing C$1 million and more grew by 19% in July and August compared with 2017, despite of slowing down in the beginning of this year. For transactions higher than C$4 million, the increase was even higher – 34%.

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Level of consumer confidence in the US is unexpectedly the highest in 18 years

September 26, 2018 - 09:45
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Level of consumer confidence in the US is unexpectedly the highest in 18 years

In September the level of consumer confidence in the US unexpectedly rose to the highest in 18 years, Bloomberg reports referencing to Conference Board.

Measured index was 138,4, while estimate was 132,1, and value of index in August was 134,7. Previous record level of 144,7 was reached in 2000.

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US housing market has stalled, and home builders are feeling that

September 25, 2018 - 14:14
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US housing market has stalled, and home builders are feeling that

US housing market has stalled, and home builders are feeling that, Bloomberg reports.

S&P Supercomposite Homebuilding Index fell by 21% this year, and this is the biggest decline since 2008 when it lost 32%. It shall be noted that such situation is observed despite of tax reduction and the lowest unemployment level since 1969.

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