According to Bloomberg, stocks from London to Shanghai and US fell today as IT-companies selloff deepened on Tuesday adding pessimism to the market depressed amid trade conflicts. US Treasuries grew together with dollar.
Stoxx Europe 600 falls fifth day in a row.
As a whole, Asia will be hurt by trade war between the US and China, however, there are a few countries that will obviously benefit from the conflict escalation, Bloomberg reports.
Prices of housing in Sydney and Melbourne, two most popular markets during recent real estate boom in Australia, will fall by 12-16 percent from peak values, Bloomberg writes with the reference to economist of HSBC. Decline in prices has been observed for a while. They fell by 8% in Sydney and by 5% in Melbourne.
Even though exposure of European banks to Greek lenders weakened, financial system of the euro region, which is under pressure of Italy’s controversial budget and Brexit’s consequences, cannot afford another financial crisis, Bloomberg reports.
Number of finished but unsold houses of London grew this year by almost a half, Bloomberg reports. And all these due to uncertainty around Brexit and homes affordability issues that influence UK’s housing market.
Palladium prices continue setting new records, while investors bet on reducing supply. And this means that the growth just started, Bloomberg reports.
American investors show interest in UBS to diversify investments amid volatile political landscape in the US, Reuters reports.
According to Bloomberg, US stocks fell, while shares in Europe and Asia gained. US Treasuries declined, while US dollar is stable. Pound rose.
Stocks of telecommunication and construction companies lead growth of Stoxx Europe 600. Italy’s equities rose after government said it is ready to have a dialogue with EU in regards to budget.
Oil is recovering six-weeks losses, as perspective for OPEC’s production cut outweighs signs of increasing output of American oil, Bloomberg reports.
Prices for houses in the UK fell first time since 2011, Bloomberg reports. London and the most expensive properties are leading declines.
Asking prices fell by 0,2% to 302023 pounds compared with the last year. Besides, it is 1,7% lower than in October. And this is the largest monthly decline since 2012.
It seems that renaissance of European companies’ earnings comes to an end after it just began, Bloomberg writes. Growing costs challenge corporation around the globe: raw materials costs and wages are rising. Inflation is not a bad thing, but the questions is whether the companies will be able to increase prices for consumers.
Investors that are concerned about UK’s residential real estate market crash due to Brexit failures have to remember about one simple fact: the market is far from satisfying demand for new homes, Bloomberg reports.
