An hour ago
European stock markets open mixed
European stocks got off to a cautious start on Monday, with the regional Stoxx 600 index opening close to the flat line before climbing 0.07% at 8:40 a.m. in London.
Germany’s DAX, Britain’s FTSE 100 and France’s CAC 40 were all up around 0.25%.
See the table…
Stoxx 600 index.
3 hours ago
Taiwan’s new president takes office, calls on China to stop political, military intimidation
Taiwan’s new President Lai Ching-te was sworn in Monday, succeeding his predecessor Tsai Ing-wen after scoring a victory in January elections that marked the start of an unprecedented third presidential term for the Democratic Party progressive.
Its vice president, Hsiao Bi-khim, 52, Taiwan’s former de facto ambassador to the United States, was also sworn in.
During his inauguration speech, Lai called on China to stop its political and military intimidation against Taiwan, adding that he hoped China would “face the reality of the existence of the Republic of China” and respect the choice of the people of Taiwan.
He also said, “Let us pursue peace and mutual prosperity together,” and called on China to choose “dialogue rather than confrontation, exchange rather than containment.”
—Lim Hui Jie, Sumathi Bala
6 hours ago
Chinese property values fall after Friday’s rally
Shares of Chinese property developers in Hong Kong fell on Monday after closing last week on a positive note.
The Chinese central bank on Monday maintained the prime rate on its five-year loans at 3.95%. It constitutes an essential reference in terms of real estate mortgage loans.
It comes after the world’s second-largest economy rolled out measures to boost its property market, including cutting payments and removing the floor on minimum mortgage interest rates, which sent property values soaring on Friday.
Logan Group and Cifi Holdings led the declines on Monday, down 6.02% and 5.56%, respectively; Longfor Group fell 4.82%, while China Vanke slipped around 2%. The mainland Hang Seng real estate index fell slightly by 1.68%.
7 hours ago
China leaves prime loan rates unchanged
China’s central bank governor said it was possible to further reduce bank reserve requirements and pledged to use monetary policy to support consumer prices.
Bloomberg | Bloomberg | Getty Images
China’s central bank left its prime rates on one- and five-year loans unchanged at 3.45% and 3.95%, respectively.
The one-year LPR is considered the benchmark for most household and business loans, while the five-year rate is the benchmark for most property mortgages.
The move was in line with a Reuters poll that predicted both rates would remain unchanged.
China announced measures Friday to boost its debt-ridden real estate market.
-Shreyashi Sanyal
10 hours ago
Gains to watch for the coming week
Here are some earnings reports to watch for the week ahead:
—Lisa Kailai Han, Robert Hum
11 hours ago
Where are the main clues?
Here are the main averages for the month preceding Monday’s session:
—Lisa Kailai Han
11 hours ago
Opening of stock futures little changed
News Source : www.cnbc.com
Gn bussni
