Data on Chinese property prices showed another record rise today, with prices over the 70 cities up 9.6% in October. In the big cities the price increases were well ahead of the average—as usual. Beijing rose 16.4%, Shanghai 17.8% and Shenzen and Guangzhou were both up around 20%. The knock on effect for the equity …
With the US crisis out the way and Europe on a steady footing, there is little in the way of global concerns. There was more rand friendly news out the US last week in the form of nonfarm payrolls for September, the number come in lower than expected (148k) vs Bloomberg consensus forecast of (180k). …