UKRAINE: US Discussing New Peace Plan With Russia & Ukraine, No Details Yet

Nov-19 01:51

You are missing out on very valuable content.

One of Trump's goals for his second presidency was peace in Ukraine but it has remained elusive with...

Historical bullets

CHINA: House Price Decline a Not So Gentle Reminder ahead of 4th Plenum

Oct-20 01:43
  • China's New and Used Home prices declines continued in September, picking up pace from the month prior.  
  • New home prices declined -0.41% (from -0.30% in August) and have declined month on month since May 2023.  New home prices -2.66% YoY vs -2.95% in Aug.
  • September saw Shanghai and Beijing prices up +0.30% and +0.20% respectively with falls in all all other reported markets.
  • The cumulative month on month decline is nearing 10% since May yet with estimations of 40-50 million unsold properties, there could be more declines to follow.  
  • Used home prices fell -0.64% (from -0.58% in August).  The last monthly increase in Used Home prices was April 2023 with the cumulative monthly decline now over 16%.  Used home prices -5.24% YoY vs -5.51% in Aug.

 

image

 

 

CHINA: Central Bank Withdraws CNY64.8bn via OMO

Oct-20 01:29
  • The PBOC issued CNY189bn of 7-day reverse repo at 1.4% during this morning's operations.
  • Today's maturities CNY253.8bn.
  • Net liquidity withdrawal CNY64.8bn.
  • The PBOC monitors and maintains liquidity in the interbank system through the issuance of reverse repo.
  • The CFETS Pledged Repo Deposit Institutions 7 Day Weighted is at 1.40%, from prior close of 1.40%.
  • The China overnight interbank repo rate is at 1.30%, from the prior close of 1.35%.
  • The China 7-day interbank repo rate is at 1.41%, from the prior close of 1.40%.
image

MNI: CHINA PBOC CONDUCTS CNY189 BLN VIA 7-DAY REVERSE REPO FRI

Oct-20 01:29
  • CHINA PBOC CONDUCTS CNY189 BLN VIA 7-DAY REVERSE REPO FRI