06262016Sun
Last update: Sun, 26 Jun 2016 07am

Asia

Markets - Fixed Income - Asia

China home prices rise most in nearly 2 years, big cities fuel bubble worries BEIJING: China's home prices rose at their fastest clip in almost two years in February thanks to red-hot demand in big cities, but risks of overheating in some places combined with weak growth in smaller cities threaten to put more stress on an already slowing economy. Average new home prices in 70 major cities climbed 3.6 percent in February from a year ago, quickening from January's 2.5 percent rise, according to Reuters calculations based on data released by the National Statistics Bureau (NBS) on Friday.That was the quickest year-on-year increase since June 2014, and encouragingly, 32 of 70 major cities tracked by the NBS saw annual price gains, up from 25 in January.Ordinarily, that should be welcome news for policymakers who have rolled out a raft of stimulus measures to support an economy growing at its slowest pace in a quarter of a century.But the divergence in home prices - ...

Markets - Fixed Income - Asia

China sees housing sales stabilised and recovering BEIJING: Price divergence in China's big and small cities poses a challenge for housing market policy controls although housing sales have stabilised and are recovering, the Housing Minister Chen Zhenggao said on Tuesday. Chen told reporters at a news conference in Beijing on the sidelines of the annual parliament session that he was confident of stable and healthy development of the country's housing market.He added that it is important to stabilise home prices in tier ...

Markets - Fixed Income - Asia

China Jan-Feb fixed asset investment up 10.2pc y/y, factory output up 5.4pc BEIJING: China's fixed-asset investment growth quickened to 10.2 percent year-on-year in the Jan-January period, beating market expectations. Analysts polled by Reuters predicted investment growth would come in at 9.5 percent, compared with 10 percent posted the prior month.Industrial output growth cooled to 5.4 percent, disappointing analysts who expected it to rise 5.6 percent on an annual basis after a rise of 5.9 percent the prior month.Retail sales growth cooled to 10.2 percent.Analysts forecast they would ...

Markets - Fixed Income - Asia

China Jan-Feb property investment rises 3pc BEIJING: China's real estate investment rose 3 percent in the first two months of 2016 in year-on-year terms, as growth in the area of property sold sped up to 28.2 percent, official data showed on Saturday. The investment growth, reported by the National Bureau of Statistics (NBS), compared with an increase of 1 percent in the full year of 2015.The rise in sales by area was above the 6.5 percent annual gain in 2015.Real estate ...

Markets - Fixed Income - Asia

Iran oil ministry to issue bonds worth $1.6bn in coming days DUBAI: Iran's oil ministry plans to issue 50,000 billion rials ($1.6 billion) in bonds in coming days for the development of oil and gas fields, the ministry's news agency, SHANA, reported on Saturday. "Before the end of the current (Iranian) year, we will issue oil bonds worth 50,000 billion rials," SHANA quoted the managing director of the National Iranian Oil Company (NIOC), Rokneddin Javadi, as saying. The Iranian new year starts on March 20.Copyright Reuters, ...

Markets - Fixed Income - Asia

JGBs sag after ECB disappointment leads to global bond retreat TOKYO: Japanese government bond prices dipped on Friday, taking their cue from falls in US and European bonds after European Central Bank Mario Draghi suggested he does not anticipate further deepening of the ECB's rate cuts. The ECB on Thursday cut its deposit rates deeper into negative territory and increased its asset-buying program to 80 billion euros ($89.33 billion) a month from 60 billion euros, helping to lift bond prices worldwide initially.But Draghi's comments suggesting ...

Markets - Fixed Income - Asia

JGBs down mostly as correction continues but futures up TOKYO: Japanese government bond prices were mostly lower on Thursday, licking wounds after sharp fall from record highs hit earlier this week, although the futures ended higher in a divided market driven more by trading flows than any fundamentals. The 30-year JGB yield rose 5.0 basis points to 0.760 percent , to stand 30 basis points up from a record low hit just on Tuesday.Until early this week, investors had rushed to buy long-dated JGBs ...