Caixin | Late summer and early autumn is traditionally a hot season for property sales in China. In 30 major cities, August property sales by floor space increased 27 %year-on-year to 22.9 million square meters, according to E-House China R&D Institute.
Eliot Assoudeh | The core ideological tenets of populist radical-right parties—nativism, authoritarianism and populism—exist in conflict with liberal values. Britain leaving the EU was the most recent achievement of populist far-right parties in Europe.
J.L. M. Campuzano (Spanish Banking Association) | This week the European Commission published its 2016 Consumer Markets Scoreboard which reflects consumers’ ratings of how 42 goods and services markets work. This data shows that markets performance has improved since the last time a similar survey was done in 2014.
The start of the ECB’s corporate debt purchasing programme has fuelled a significant rise in issuances in the primary market, with a substantial reduction in interest rates in these placements. In this context, the French firm Sanofi and Germany’s Henkel have become the first European companies to place their debt at negative rates.
BoAML| The emerging market rally of the past six months appears to have paused and needs another theme to resume: we think the exchange rates will be the key issue. Since end-January, emerging market assets have rallied on a compression of excessive cred it risk premiums that were created by the oil and China induced panic.
The European Central Bank kept monetary policy unchanged: interest rates on hold and made only its previous broad commitment to run bond-buying for as long as needed, stopping short of a formal extension of quantitative easing, as expected on Thursday. Indeed, the institution didn’t make any adjustments to its quantitative easing program of asset purchases. That program includes monthly purchases of 80 billion euros and is set to run at least…
Deutsche Bank (DB)’s current share price (-41.2% in the year so far) is probably already discounting the stock’s serious uncertainties and weaknesses. But at the same time, there seems to be increasingly less negative sentiment towards banks in the EMU.
Julius Baer Research | Alongside the G20 summit, China and the United States informed that they both ratified the Paris agreement on climate change. The treaty was negotiated and signed under the lead of the United Nations in Paris last December and will go into effect once countries in sum representing at least 55% of global greenhouse gas emissions ratified the agreement.
J.L. M. Campuzano (Spanish Banking Association) | Low growth, huge inequality and the slow progress with structural reforms: these are the three problems which cause the most concern for IMF Managing Director Christine Lagarde. And the issues which she would like tackled at a global level in a forum like last week’s G20 meeting.
*Foto: Steven Cutts
via Macropolis | Since the high of 118,302 births in 2008, there has been a significant drop during the crisis. By 2014 the figure had fallen to 92,148. In fact, Greece has had a negative birth rate since 2011. In the absence of migration, the population of Greece would have fallen by 21,592 in 2014.