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On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

As market confidence improves, the USD/CAD pair stabilizes near 1,3000, bringing attention to Canada's inflation

Alina Haynes

Jul 18, 2022 11:58

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The USD/CAD pair fluctuates within a constrained range of 1.3006-1.3023 during the Asian session. Despite a rise in market participants' risk appetite, the asset is doing poorly. Investors should be concerned that the USD/CAD pair has experienced only a little dip while the US dollar index (DXY) is falling sharply. This implies that the Canadian dollar is weaker as well and that the asset's auction performance was underwhelming.

 

The strengthening of the Canadian dollar may be related to higher inflation rate projections. The market forecast for the upcoming economic report on Wednesday is 8.8%, which is much higher than the forecast for the most recent release of 7.7%. The pace of inflation in the Canadian economy is surging uncontrollably. It mostly has an impact on household income.

 

In the meantime, as market mood has improved, the US dollar index (DXY) has dropped under Friday's low of 107.92. Investors believe that the United States has experienced its peak in pricing pressure. But according to James Bullard, president of the Federal Reserve Bank of St. Louis, inflation might come as a pleasant surprise.

 

Due to growing economic worries, oil prices are plummeting precipitously on the energy market. The goal of major central banks is to bring about price stability in their respective economies. As a result, policy tightening is necessary to address the inflation problem. Given that the forecasts for oil demand have been significantly revised downward, this has a negative effect on market mood. Being the biggest oil supplier to the US, Canada has suffered as a result of falling oil prices, which has hurt the loonie bulls.


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