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U.K. house prices hit a record in November, with values over the past three months rising at their fastest pace for 15 years, according to mortgage lender Halifax.
More Chinese developers are at risk of defaulting due to a liquidity crunch despite recent measures by the authorities to free up some funds, according to S&P Global Ratings.
Some China Evergrande Group bondholders had yet to receive overdue coupon payments by the end of a month-long grace period, signaling a possible default by the developer as it prepares for one of China’s largest-ever debt restructurings.
As Chinese economic policy makers shift toward easing mode, the question on traders’ minds is how far the government is prepared to go.
China’s exports grew faster than expected in November to hit a record, as external demand surged ahead of the year-end holidays and domestic production rebounded on an easing power crunch.
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