27 October 2019 18:39
The slew of manufacturing PMI releases continue over to Europe The session ahead has quite a number of releases but the manufacturing PMI figures are mostly final readings, so I would put more focus on the Eurozone CPI data instead, barring any major surprises that is. 0630 GMT - Switzerland February retail sales data 0730 GMT - Switzerland March manufacturing PMI February saw a slight improvement in factory activity but the release here matters little overall as the Swiss economy relies much more heavily on its services sector as a whole. 0715 GMT - Spain March manufacturing PMI 0745 GMT - Italy March manufacturing PMI 0750 GMT - France March final manufacturing PMI 0755 GMT - Germany March final manufacturing PMI 0800 GMT - Eurozone March final manufacturing PMI 0830 GMT - UK March manufacturing PMI 0900 GMT - Eurozone March preliminary CPI figures A stabilising credit outlook and higher liquidity are working their magic in Hong Kong and mainland China as stories of rising housing prices in the region lead Mingtiandi's headline roundup today. The rising supply of cash may also have helped developer China Vanke sell more than $1 billion in Hong Kong-listed shares, and there are stories of CapitaLand ghost malls and much more in our list of real estate news from around the region. Hong Kong home prices rose for a second consecutive month in February, providing further evidence that the property correction is over.
The overall price index of pre-owned homes increased at a much faster pace of 1.3 per cent to 365.2 in February, according to data from the city's Rating and Valuation Department. Home prices in China are expected to rise more this year than predicted just a few months ago, as Beijing urges banks to ramp up lending and lower interest rates to boost the slowing economy, a Reuters poll showed. China's average residential property prices are forecast to rise 5 percent in 2019 from a year earlier, up sharply from a gain of just 0.5 percent expected in the previous survey in December, according to the poll of 17 property analysts and economists. China Vanke Co sold HK$7.8 billion of shares to pay down overseas debt, highlighting the potential for a wave of equity raising by Chinese developers. A Brooklyn jury heard testimony earlier this month of virtual slave labor — 14-hour days without pay and threats of physical violence — for Chinese laborers constructing Chinese government buildings in the United States.
Federal prosecutors laid out how Dan Zhong, a director at construction group China Rilin and a former Chinese diplomat, coerced workers to help build Chinese state facilities, including China's embassy in Washington D.C., by confiscating their travel documents and forcing them to pay security deposits to ensure they would not leave. When property developer Ho Bee Land bought a commercial site at North Buona Vista Drive for S$410.99 million in 2010, observers said then that the resulting office product would be untested for the area. Joining Monta's catalog this past week is the Atlas, the young brand's second GMT wristwatch. The non-rotating bezel (24-hour track can be found on the rehaut) also differs from the Triumph thanks to a new polished, knife-edge design that helps increase the total height of the watch about a single millimeter larger than the case in the Triumph collection (total height for the Atlas: 10.2 mm). The Atlas GMT uses a Sellita SW330 caliber with a 42-hour power reserve. On the wrist with the Monta Atlas GMT in opaline silver. The new Atlas GMT offers that in spaces and we're looking forward to receiving the model for some extended wrist time in the coming months. Current preorder pricing for the Atlas GMT is at $1,410 on rubber, $1,420 on leather, or $1,615 on a bracelet. Click here to find out more about the Atlas GMT and stay tuned for more to come from Monta. TOKYO (AP) — North Korea said Sunday it wants an investigation into a raid on its embassy in Spain last month, calling it a "grave terrorist attack" and an act of extortion that violates international law. The North's official media quoted a Foreign Ministry spokesman as saying that an illegal intrusion into and occupation of a diplomatic mission and an act of extortion are a grave breach of the state sovereignty and a flagrant violation of international law, "and this kind of act should never be tolerated." He claimed an armed group tortured the staff and suggested they stole communications gear. BACOLOD, Philippines (AP) — Philippine police said Sunday that 14 suspected communist rebels were killed after they opened fire during raids in a central province, but rights groups countered that the men were farmers and the latest victims of extrajudicial killings. DHAKA, Bangladesh (AP) — Police in Bangladesh's capital arrested two of the owners of a commercial complex that caught fire last week, killing 26 people and injuring about 70, an official said. Additional Deputy Commissioner of the Detective Branch Shahjahan Shaju told The Associated Press early Sunday that they arrested F.R. Tower's owners Tasvir-ul-Islam and S.M.H.I. Faruque in Dhaka after police charged them with negligence and violations of a building code that resulted in casualties. New guidelines issued by the Chinese Football Association say naturalized players must learn the history and basic theories, in addition to China's national anthem, flag, symbols, national conditions and Chinese culture. HONG KONG (AP) — Business and human rights groups are expressing concern over proposed changes to Hong Kong's extradition law that would allow suspects to be sent to mainland China where they could be subject to torture and unfair prosecution. China experiences frequent industrial accidents despite orders from the central government, including president and ruling Communist Party leader Xi Jinping to improve safety at factories, power plants and mines, on pain of prosecution.