|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||26.45 - 27.03|
|52 Week Range||23.44 - 33.38|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.44|
|Expense Ratio (net)||0.70%|
Can Iron Ore Catch a Bid amid China’s Wobbly Growth Outlook? The boom in China’s property market has raised concerns about a bubble, which has prompted authorities to tame property prices through tighter credit and other curbs. In this article, we’ll see what the latest data from China’s property market could mean for iron ore.
Booming property markets, especially China’s residential market, have raised concerns of a coming bubble and prompted governmental measures to tame housing prices. In this part, we’ll analyze China’s property market growth.
As Asian shares fell amid U.S.-North Korea tensions and uncertainty, let us try to observe how the country ETFs reacted yesterday.
Is China’s property sector’s weakness abating? Prices for iron ore and other commodities dependent on China’s growth were expected to get a lift after President Trump’s conciliatory tweets following a speech by China’s leader, Xi Jinping. Commodity prices got a boost from the latest data out of China—especially related to its property market.
Is China’s property sector weakening? China’s property market (TAO) is showing signs of cooling down, according to the latest data. According to the National Bureau of Statistics of China, new home prices rose in 44 of 70 cities in February compared to 52 cities in January.
Nomura has predicted that the property market (TAO) in China will remain strong for the coming five to ten years. China’s real estate research head at Nomura, Elly Chen, said, “We are upbeat on China’s real estate demand in the medium and long term.” Chen also predicted that in the short term, the market will remain stable due to the government’s control measures. According to the latest data, housing prices in December 2017 dropped on a yearly basis in nine of the 15 major cities in China.
It’s vital for iron ore investors to track movements in the Chinese real estate market (TAO). In this article, we’ll discuss the Chinese property market indicators to gauge their outlook. In 2017, the total property investment in China grew 7% year-over-year (or YoY), which is 0.1% higher than the growth record a year earlier.