Hong Kong Stocks Are on Their Longest Winning Streak Since 2018
Hong Kong stocks are on their longest-winning streak since 2018, with a growing chorus of market watchers saying the worst of a years-long selloff is probably over.
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Hong Kong stocks are on their longest-winning streak since 2018, with a growing chorus of market watchers saying the worst of a years-long selloff is probably over.
Greg Ward, the Macquarie Group Ltd. banker in charge of the firm’s drive to grab a bigger slice of Australia’s mortgage market, will earn more than the boss of the country’s biggest bank for home loans, as the far smaller rival chips away in the ultra-competitive industry.
Deutsche Bank AG plans to double the assets it manages for rich families in Southeast Asia and the Middle East over the next five years, tapping growing ties between ultra-rich clans in both regions, the lender’s global private banking head said.
The jury in Donald Trump’s hush money criminal trial heard a secret recording in which the former president discussed a payment with his then-lawyer Michael Cohen months before the 2016 election.
A “broken” model in banking is creating issues for financing in the commercial real estate industry, according to Josh Zegen, co-founder of Madison Realty Capital.
May 20, 2021
Bloomberg News
,Mortgage rates in the U.S. rose for the first time this month.
The average for a 30-year loan was 3 per cent, up from 2.94 per cent last week, Freddie Mac data showed Thursday. It was the first time since mid-April that the rate was at or above 3 per cent.
Rates have see-sawed over the past few weeks as investors process economic data and look for signs of inflation triggered by the country’s recovery from the pandemic. There’s a growing consensus that the Federal Reserve may have to consider tapering its purchases of Treasuries and mortgage bonds if growth continues at its current pace, according to George Ratiu, senior economist at Realtor.com.
Cheap loans have fueled a rally in home purchases and given Americans more buying power even as bidding wars push up prices. The 30-year average hit a record low of 2.65 per cent in early January. It climbed above 3 per cent this year amid optimism about the rebound, then dipped below that benchmark, where it remained for four weeks.