Chinese Stocks, Yuan Primed for Gains on Return From Holidays
Chinese markets look poised for a positive open when traders return from a holiday, with Beijing’s supportive policy stance adding impetus to a budding bullish momentum.
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Chinese markets look poised for a positive open when traders return from a holiday, with Beijing’s supportive policy stance adding impetus to a budding bullish momentum.
One of China’s most indebted developers is facing two bond-payment deadlines this week that could provide the first major test for a state-sponsored program that guarantees debt from some of the country’s biggest builders.
Households go backwards in 13 developed economies as record immigration runs into a housing crisis.
Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market.
Bond traders welcomed their first clear sign of a cooling US labor market, but it’s only a part of what’s needed to fire up the truly sweeping rally they’ve been hoping for all year.
Jul 7, 2017
Reuters
,Royal Bank of Canada (RY.TO) said it boosted interest rates on its fixed-term mortgages by 20 basis points, ahead of an anticipated increase in the benchmark interest rate by Canada's central bank.
The new two-year rate is 2.54 per cent while the three-year rate is 2.64 per cent and the five-year rate is 2.84 per cent, for mortgages with amortization periods of 25 years or less.
"This rate increase reflects recent activity by competitors, and the current costs that we incur for funds on the wholesale market as well as other costs and market considerations," RBCspokeswoman Jill Anzarut said in a statement.
The Globe and Mail had earlier reported about RBC's fixed-term mortgages rates hike.