Catastrophically expensive property prices in Hong Kong make citizens violate the law, Bloomberg reports.
Many young people live in industrial buildings changing comfort for low rent, as they cannot afford usual living spaces. Among other minuses, the most important is that it is illegal.
Germany’s business confidence level grew first time in nine months, as companies’ concern about rising trade tensions started fading, Bloomberg reports.
According to Bloomberg, world stock market started this week with strong positions.
Stoxx Europe 600 shows growth in almost all sectors. It grew by 0,2%. German DAX gained 0,3%, British FTSE increased by 0,2%. Futures of S&P 500 gained 0,2%.
Londoners buy more houses outside of the capital, as prices are still too high, Bloomberg reports.
Citizens of the city bought more than 30000 homes outside of London. It is 16% more than last year, and 61% more than ten years ago. About 40% of people leaving the city head to south east of England, while 30% to east of the country.
According to Goldman Sachs, there is an underestimated indicator flashing red for some developed markets, Bloomberg reports.
On Monday Asian shares grew after speech of US Fed's leader, which also lead to Wall Street shares rise to record level on Friday, Reuters reports.
Chinese yuan and country's stocks are climbing, as China's central bank took steps to help yuan recovering.
Even though cost of carbon emissions in Europe reached the highest level in a decade, it is still too far from the point that will allow significantly reduce carbon dioxide emission into atmosphere, Bloomberg reports.
Norway's sovereign wealth fund met with resistance trying to dump stocks of oil and gas sector valued more than $40 billion, Bloomberg reports.
According to Bloomberg, stocks in Europe are climbing today together with US futures after mixed session in Asia, as negotiations between China and the US provide no results.
Dollar falls ahead of Jerome Powell's speech. Bloomberg Dollar Spot Index lost 0,1%.
Pound fell related to euro to the lowest level since September 2017, Reuters reports. Rise of common currency along with concerns in regards to possible exit of UK from European Union without any agreements put pressure on pound.
Perspectives for restrictions on oil supply stimulated recovery of prices this week after longest period of decline since 2015, Bloomberg reports.
Futures in New York are close to end this week with 3,7% growth. This is the first weekly gain in two months.
All sectors of Germany's economy showed growth in the second quarter, Reuters reports. This data gives a hope that the economy will be able to handle influences of trade war.
