Market Blog > May 2016 > Market Review

Market Review

Singapore’s property market may be closer to a bottom than Hong Kong, according to LaSalle Investment Management, which oversees more than $58 billion in real estate funds.

Governments in Asia’s two most expensive residential markets have imposed curbs in recent years to tame prices and improve affordability.

As demand has dropped amid a slowdown in the region’s economies, home prices in both cities are in the midst of a correction.

China's vast manufacturing sector likely stalled in May after slight expansions in the previous two months, a Reuters poll showed, throwing more cold water on hopes that the world's second-largest economy is reviving.

British investors have raised the share of cash in their portfolios to five-month highs, bracing for any market turmoil from a possible "Brexit" vote at next month's referendum and interest rate rises in the United States.

U.S. economic growth slowed in the first quarter although not as sharply as initially thought, as a surge in home building and steady inventory accumulation partially offset the drag from a steep decline in business investment.

Currencies:

The EURUSD traded between 1.1113 and 11.1199 area.
The EURGBP traded between 0.7604 and 0.7643 area.
The GBPUSD traded between 1.4607 and 1.4687 area.
The USDJPY traded between 109.49 and 110.43 area.
Crude oil: Traded between $ 48.72 and $ 49.48 area.
Gold: Traded between $ 1207.23 and $ 1223.40 area.

Indices:

Asian Indices

Moved %

Euro Indices

 Moved %

U.S Indices

 Moved %

Nikkei

+0.37%

Euro stoxx50

+0.24%

DJIA

+0.21%

Hang Seng

+0.88%

DAX

+0.13%

S&P 500

+0.31%

S&P/ASX 200

        +0.33%

CAC 40

+0.05%

NASDAQ

         +0.56%



Economic Calendar Monday 30/05/2016

Time

Currency

Event

Forecast

Previous

1:20am

USD

FOMC Member Bullard Speaks

 

 

7:00am

EUR

German Import Prices m/m

0.40%

0.70%

All Day

EUR

German Prelim CPI m/m

0.30%

-0.40%

7:45am

EUR

French Consumer Spending m/m

0.10%

0.20%

8:00am

EUR

Spanish Flash CPI y/y

-1.00%

-1.10%

Tentative

EUR

Italian 10-y Bond Auction

 

1.51|1.3

1:30pm

CAD

Current Account

-17.4B

-15.4B

1:30pm

CAD

RMPI m/m

2.20%

4.50%

1:30pm

CAD

IPPI m/m

0.20%

-0.60%

Posted: 5/30/2016 6:42:04 AM by Global Administrator | with 0 comments


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