May, 2019

• 21 May

  Singapore lone bright spot in Asia property slump

  

  Bloomberg Commercial property deals in Asia had a poor start to the year, but there was one bright spot: Singapore. Commercial property transactions in the city-state jumped 72% year-on-year to $1.9 billion in the quarter ended on March 31, boosted by deals in the office, retail and industrial sectors, according to a report by New York-based Real Capital Analytics Inc. …

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• 21 May

  Slowdown in US housing helps landlords raise rents

  

  Bloomberg The US housing slowdown is turning out to be a gift to apartment landlords. After all, those people who aren’t buying still need somewhere to live. Data from Zillow shows that home-price appreciation continued to slow in April from a year earlier, driven in part by softening West Coast metros like San Jose and Seattle. The company also reported …

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• 21 May

  US equity futures advance on Huawei reprieve; bonds mixed

  

  Bloomberg US equity futures and European stocks advanced on Tuesday following a mixed session in Asia as the trade-war driven turbulence that has dominated markets this month showed few signs of abating. The dollar strengthened while Treasuries slipped. Contracts on the S&P 500, Dow Jones Industrial Average and Nasdaq 100 indexes all jumped in the wake of the US decision …

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• 21 May

  Exit poll euphoria wanes, dragging India stocks down

  

  Bloomberg Indian equities fell, reversing gains that pushed key indexes to a record, as euphoria around exit polls that predicted Prime Minister Narendra Modi’s re-election ebbed. The benchmark S&P BSE Sensex dropped 1 percent to 38,969.80 in Mumbai, after rising to a high earlier in the day. The NSE Nifty 50 Index declined by same magnitude. Many investors are of …

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• 21 May

  Germany set for clash with France as Merkel targets top EU jobs

  

  Bloomberg Angela Merkel is preparing for a clash with France as she pushes Germany’s most ambitious bid yet for a top European Union job. The German chancellor is focussed on securing the presidency of the European Commission or the European Central Bank for one of her compatriots, according to officials with knowledge of her thinking. If her Bavarian ally Manfred …

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• 21 May

  Broadbent: No-deal Brexit won’t help investment in UK

  

  Bloomberg It is wrong to suggest that the UK should pursue a no deal Brexit merely to end uncertainty for businesses, according to Ben Broadbent, the Bank of England’s deputy governor for monetary policy. In a speech in London, Broadbent said that surveys indicate that firms are most worried about the prospects of a no-deal, no-transition Brexit, and that pursuing …

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• 21 May

  Leveraged debt poses no cash threat: Fed

  

  Bloomberg Federal Reserve Chairman Jerome Powell agrees that the torrid market in high-risk corporate loans looks a lot like the mortgage industry in the run-up to the subprime crisis, but he says US regulators are watching closely this time around and the financial system is better shielded. In a sweeping analysis of leveraged lending Powell delivered a response to critics …

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• 21 May

  Once future of banking, ATMs, fade in digital era

  

  Bloomberg In the wake of the economic crisis, Paul Volcker called automated teller machines the last financial innovation that improved society. A decade later, their popularity is slipping. The number of ATMs around the world fell for the first time last year as banks closed branches and redirected resources towards digital payments, consulting firm RBR said in a study released. …

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• 21 May

  Top investors of Deutsche Bank focusing discontent on chairman

  

  Bloomberg Some top Deutsche Bank AG investors are growing increasingly dissatisfied with supervisory board Chairman Paul Achleitner. Cerberus Capital Management and HNA Group have internally discussed pushing for Achleitner’s exit before his term expires in 2022, according to people with knowledge of the matter. While the shareholders have voiced their frustrations among themselves, it’s unclear how they’ll vote at the …

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• 21 May

  Australia to weigh rates cut next month: Lowe

  Bloomberg Australia’s central bank chief said he’ll consider easing monetary policy at next month’s meeting to drive faster hiring, saying unemployment needs to fall below 5 percent to help return inflation to target. “A lower cash rate would support employment growth and bring forward the time when inflation is consistent with the target,” Governor Philip Lowe said in a speech …

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